2011-05-27

Global News: India Remains Cautious on Food Exports

(News resource: WSJ, May 25, 2011)

India will not allow any wheat or rice exports from government stocks, despite ample supplies as the country is gearing up to soon introduce a food security law that guarantees cheap grains to 70% of the population, food minister said Wednesday. "Our draft (food security) bill is ready. We should have enough stocks. Any decision on exports will need to be taken on that basis," K.V. Thomas said in an interview. However, the minister added that he was open to allowing limited exports to private trade.

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