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Wheat exports may touch record 5 mn tonne

Weather conditions at the start of the 2012-13 season have been generally favourable for planting of winter wheat

Press Trust of India  |  New Delhi 

India's exports are pegged to touch a record level of 5 million tonnes in the 2012-13 marketing season on the back of all time high harvest and large carryover stocks, United Nation's body FAO said.

"In India, given the estimated bumper harvest and larger carryover stocks, exports are anticipated to reach a record level of 5 million tonnes in 2012-13," Food and Agriculture Organisation (FAO) said in its latest Crop Prospects and Food Situation report.

marketing year in India commences in April and ends in March.

"Weather conditions at the start of the 2012-13 season have been generally favourable for planting of winter wheat, barley and secondary rice crop. In India, early official forecast for the 2013 crop is set at a near average level of about 86 million tonnes," the report added.


The government has kept a target of 86 million tonnes of in the 2012-13 rabi (winter) season. The country had harvested a record 93.90 million tonnes in 2011-12 crop year (July-June) due to good rains.

That apart, the government has a stock of 37.65 million tonnes as of Dec 1, 2012, which is above the stipulated buffer and strategic stock requirement of 11.2 million tonnes as of January 1, 2013.

In July this year, the government had allowed of 2 million tonnes of from central pool stocks of Food Corporation of India (FCI) through central public sector undertakings (CPSUs) like STC, MMTC and PEC.

Tenders for of 1.73 million tonnes of has been approved, out of which 8.06 lakh tonnes has been shipped.

Yesterday, Commerce Secretary S R Rao said that the Food Ministry will move a proposal for allowing of an additional 2.5 million tonnes of from the central stocks in order to ease the storage crunch being faced by the country due to an all time high production.

First Published: Wed, December 12 2012. 15:34 IST
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