Foodgrains export sets record

The foodgrains export has touched a record high. During the 2001-02 financial year, 75.62 lakh tonnes of food-grains valued at $742.08 has been exported. This includes the export of 55.75 lakh tonnes of wheat and 19.87 lakh tonnes. According to the Union Food Minister, the earlier highest export was of 28 lakh tonnes in 1996-97. There is no ceiling on the export of wheat and rice now. India has export to several countries including Egypt, Taiwan, Malaysia, the Philippines, Singapore, Korea. Indonesia, Bangladesh, Sri Lanka, Sudan, the UAE, Yemen, Vietnam. Kuwait, Oman, Qatar, and Russia. Talks are on with Iraq to reopen talks for the export of wheat from India. Besides, 10 lakh tonnes of wheat remain committed to Afghanistan through the World Food Programme.

(Courtesy-The Hindu)


Market Update
(Food Grains)