The surplus foodgrain production in the country could open new vistas for exporters, in the wake of a global shortage in food grains. With the food production in the country exceeding the estimates, the government could review lifting the ban on exports. An indication to this effect was given by the director-general of foreign trade, R.S. Gujral, while talking to TNS on the sidelines of a session with industry delegates at PHD Chamber here today. He said the Cabinet Committee on Economic Affairs would review the food grain availability in the domestic market, and then lift the ban on export of rice and wheat. "The international prices of rice (non-basmati) have shot up to $ 1,000 a ton as compared to $350 a ton five months ago. Rice is not available with most of the developed countries, as most of the rice-producing nations have banned its export. It is perhaps for this reason that almost 10 lakh tons of rice was exported from India under the garb of transitional arrangements, after fake letters of credit were produced. If we were to lift the ban on rice export, it would bring windfall for the exporters. There has also been a severe global shortage of wheat, and after assessing the buffer stocks and the domestic market conditions, the government could lift the ban later this year,' he said. Gujral said even though the minimum export price (MEP) of basmati rice had been increased to $1,200 a ton to curb exports, basmati rice is fetching a price of $2,000 a ton, and rice exporters are smiling their way to the bank. "In case the ban on export of wheat and rice and export curbs on milk products is lifted, India will definitely exceed the export target of $ 200 billion,' he said, adding that the export curbs on steel products, rice and milk products would impact the total export revenue. The DGFT said the hybrid scheme, wherein incentives due for focused products being exported to focused markets are given to non-focused products and non-focused markets, would be implemented soon. Similarly, incentives on export of certain products of higher added value will also be given, after the industrial bodies give us feedback on these products and new markets by June 30, he added.