With its godowns overflowing with foodgrains on the back of a bumper crop in 2010-11, the government may finally allow wheat and rice exports, sources said. The decision in this regard is expected to be taken by an empowered group of ministers headed by Finance Minister Pranab Mukherjee in the next two weeks, they said. Even though food inflation remains above the comfort level of 4-5%, prices of wheat and rice have remained generally stable in the last one year.
2011-05-24
Global News: India govt may allow wheat, rice exports
(News resource: Business Standard, May 22, 2011)
With its godowns overflowing with foodgrains on the back of a bumper crop in 2010-11, the government may finally allow wheat and rice exports, sources said. The decision in this regard is expected to be taken by an empowered group of ministers headed by Finance Minister Pranab Mukherjee in the next two weeks, they said. Even though food inflation remains above the comfort level of 4-5%, prices of wheat and rice have remained generally stable in the last one year.
With its godowns overflowing with foodgrains on the back of a bumper crop in 2010-11, the government may finally allow wheat and rice exports, sources said. The decision in this regard is expected to be taken by an empowered group of ministers headed by Finance Minister Pranab Mukherjee in the next two weeks, they said. Even though food inflation remains above the comfort level of 4-5%, prices of wheat and rice have remained generally stable in the last one year.
