26 Apr '11, 10am

Govt to decide on wheat exports next week - food minister

Govt to decide on wheat exports next week - food minister

NEW DELHI (Reuters) - The government will decide next week whether to allow wheat exports, Food Minister K.V. Thomas said on Tuesday, as the world's second-biggest producer after China weighs prospects of a record harvest against stubbornly high food inflation. Farm Minister Sharad Pawar has consistently said India should allow wheat exports, which would benefit producers as international prices are currently near two-year highs. But Thomas has said he is against overseas sales, according to a Press Trust of India (PTI) report. "We are against wheat exports. We feel that if we open exports, domestic prices will be affected," Thomas said, according to the PTI report published in the Business Standard newspaper. A senior govermnent adviser has supported wheat exports provided they are taxed in order to ensure domestic demand is adequately covered. With food inflation in Asia...

Full article: http://sg.news.yahoo.com/india-decide-wheat-exports-next-...

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