Economic Calendar

Saturday, October 18, 2008

India May Lift Curbs on Rice, Cotton, Edible Oils, Express Says

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By Thomas Kutty Abraham

Oct. 18 (Bloomberg) -- India may ease restrictions on overseas sales of rice, edible oils and cotton next month as local stockpiles swell and global prices slump, the Financial Express reported, citing unidentified government officials.

India ended a ban on exports of corn this week and may remove curbs on overseas sales of rice next, the newspaper said.

The Congress party-led ruling coalition halted corn exports in July to bolster domestic supplies, adding to restrictions on overseas sales of wheat, rice, pulses and cooking oils.

To contact the reporter on this story: Thomas Kutty Abraham in Mumbai at tabraham4@bloomberg.net


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