date:Jun 06, 2014
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The government buys rice and wheat from local farmers at a fixed price to help boost output, build stocks for its mammoth food welfare programs and to meet any emergency.
India eased a four year-old ban on wheat exports in 2011 by allowing private traders to sell wheat overseas. It later permitted some sales from state-run trading firms.
Shipments totaled 11.5-12 million tonnes in the 2012/13 and 2013/14 fiscal years that end on March 31, with about 6 million tonnes of exports from the Foo