September 18, 2003
Indian Wheat Down Despite Competitiveness
India's global competitiveness and its large wheat stocks have failed to make a large impact on the global trade in the last few months, mainly due to a shortage of railcars.
"It is a case of sheer irony. There is no dearth of buyers, the world supply scenario is tight, Indian wheat is highly competitive, stocks with the government are ample, yet we are unable to export," an independent grain analyst said.
According to the Managing Director of the Food Corporation of India, fresh export allocations are unlikely before December, when pressure on domestic grain supply commitments should ease.