February 1, 2013

India may allow more wheat exports in order to reduce excessive stocks at government warehouses, according to the country's Food Minister K. V. Thomas.

After lifting a four-year-old ban on wheat exports by private traders in 2011, the government approved 4.5 million tonnes of exports from its overflowing warehouses, and more than two million tonnes of this total has yet to be shipped.

Approval of yet more exports by India will benefit buyers in the Middle East and Africa as leading suppliers Russia and Australia are facing falling output.