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Indian Rice Exports Eased Global Prices, Stabilised Supplies

10 October 2012

INDIA - Agriculture Minister Shri Sharad Pawar sought to highlight India’s role in stabilising global food supplies and moderating price rises, while addressing the meeting of the ‘High Level Regional Consultation on Policies to Respond to High Food Prices in Asia and the Pacific Region’ last week.

Originally an importing nation, India has now become a nation that exports wheat and rice.

The Agriculture Minister said: “I am glad to inform that our efforts are showing excellent outcomes. From having to import about 6.5 million tonnes of wheat in 2006 and 2007 we are now not only meeting the domestic demand but have also begun contributing to global supply through exports.

"Similarly, in case of rice, we faced problems in 2009 as our buffer stocks dipped due to inadequate production. In the past twelve months, however, due to record production, we have already exported about eight million tonnes of rice. The exports from India has not only stabilised the global supplies but have helped in easing high prices to affordable levels.”

Stating that increasing agricultural production and diversifying the production base has become the need of the hour, Minister Pawar said: “India has been following the strategy of agricultural development since 2007 by widening the production base and focusing attention to high potential, low producing areas through intensive promotion of technologies in order to bridge the gaps.”

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