date:Mar 06, 2013
stocks exposed to the weather before the advent of monsoon rains in June. Government-backed companies have already sold 3 million tonnes of the 4.5 million tonnes of wheat exports allowed last year.
The government is currently exporting wheat at about $300 a tonne free on board (FOB). India is primarily selling wheat to Africa and the Middle East.
Going forward, international prices will only fall and it makes sense for the government to ship out as much as possible, said Tejinder Narang, advi