By IANS
Dhaka : India has said the hike in the minimum export price of rice will not affect the export of 500,000 tonnes to Bangladesh under the food-for-aid programme after the Nov 15 cyclone.
The clarification by the Indian High Commission here came following several media reports that the price hike, from $425 to $500 per tonne, had sent domestic prices soaring.
The high commission said the reports were “misleading and inaccurate”.
It said: “The restriction is not applicable to exports undertaken under the food aid programme,” the Daily Star reported.
India’s External Affairs Minister Pranab Mukherjee had said India would waive its ban on export to facilitate the sale to Bangladesh.