India Finance Brief

Government mulls wheat export to sort out storage crisis
Economic Times
Government may export 4-5 million tonne of wheat lying in Food Corporation of India (FCI) godowns in a bid to cope with the storage crisis, said a food ministry official. Commerce Minister Anand Sharma and Food Minister KV Thomas are scheduled to meet late on Thursday evening to discuss a mechanism that will make Indian wheat competitive in global market. The final decision will be taken by the cabinet. A panel headed by PMEAC chairman C Rangarajan, which has been constituted to examine the possibilities of wheat exports, is also learnt to have recommended shipments of 4-5 million tonne wheat.

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