Saurabh Gupta | 04 Jul, 2012
A day after allowing exports of two million tonnes of wheat, the government today said they were not in hurry to allow wheat exports further.
Despite having a stock of 82.3 million tonnes of
food grains against the storage capacity of 64 million tonnes, food minister
K.V. Thomas said, "We are not in a hurry to exports."
Replying to a question that whether the government will allow wheat exports further, Thomas told this to media on the sidelines of a FICCI conference in the national capital
The minister said, "We are looking at the international situation because the prices in the
international market are farming up better and better so we will look at the
"This has been brought before the cabinet yesterday and
just approved that," he said. The Cabinet Committee on Economic Affairs (CCEA) Tuesday
approved export of two million tonnes of wheat at a base price of USD 228 per
"But day to day affairs would be managed by the committee,
head by the commerce secretary. This committee will examine and take a decision
at the appropriate time. They are not going to export entire 2 million tonnes
at a one stretch," Thomas said, when asked that will they allow wheat exports
According to media sources, the export of two million
tonnes of wheat would cost the government around Rs.1,263 crore in form of
The government godowns are full and there is little space to store the grain
procured by the Food Corporation of India (FCI).
This year the government is looking at a record 82 million tonnes of rice and
wheat against a storage capacity of only 64 million tonnes.
In September last year, the government had allowed wheat exports through
Thomas also cleared the government's priorities, he said, "Our idea is to get a better price. And the same time the large chunk of the food
grains, which have produced in the country should go to people of this country."