November 17, 2009 6:27 PM

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Govt. rules out import of wheat

The Government has ruled out import of wheat with sufficient stock but is looking at importing rice from Thailand and Vietnam , for the first time in 20 years to shore up supplies.Talking to mediapersons on the sidelines of a function in New Delhi today the commerce and industry minister Mr. Anand Sharma said the government might also consider banning cotton exports to improve domestic market supplies.Mr.Sharma said the country had sufficient stocks of rice and imports were aimed at shoring up supplies.Our correspondent reports, a panel of ministers would meet on Friday to decide on the bids received for the rice import tenders of State Trading Corp of India ,MMTC Ltd and PEC Ltd.AIR correspondent Manikant Thakur reports that although India has ample grain stocks, this year's poor monsoon has raised doubts about the output of summer-sown crops.The government had said summer-planted rice output could record a bigger-than-expected fall of 18 percent to 69.45 million tonnes this year.On Oct. 1, rice stocks at government warehouses were 84 percent higher at 14.5 million tonnes than last year, while wheat stocks were 23 percent more at 27 million tonnes.Some private firms have sealed deals to import 10,000 tonnes of wheat, for the first time in two years. Cotton output in India, the world's second-biggest producer, is expected at 30.5 million bales in the year ending September 2010 as against 29 million bales in 2008/09. Following requests from textile firms, the government might consider banning exports of cotton.

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