March 8, 2013 8:26 AM

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Centre approves additional 5 million tonnes of Wheat export

The Centre has allowed the export of an extra 5 million tonne of Wheat from its Godowns. The total Wheat export permitted from the Food Corporation of India Godowns now stands at 9.5 million tonne for this fiscal. Speaking to media after the Group of Ministers (GoM) meeting, Food Minister, Prof. KV Thomas said, the GoM has approved export of additional 5 million tonne of wheat and only private traders will be allowed to export this quantity. Clarifying that public sector trading firms will not participate in export of wheat, the Food Minister said, recognised private traders will be allowed to export the 2011-12 crop via a bidding process at a floor price of 1,480 rupees per quintal.

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