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India asks Malaysia to explore bulk wheat buy

Press Trust Of India 

With surplus stocks, India has asked to explore the possibility of importing the grain in large quantities from the country.

India, the world's second-largest producer, is grappling with problem of plenty after an estimated record output of 90.23 million tonne in the 2011-12 crop year (July-June).

“I made a suggestion to to consider importing in bulk from India,” Food Minister said after meeting Malaysia’s plantation industries and commodities minister.

India is working on options, including exports, to ease a storage crisis, which is mounting, as rice and stocks in the government godowns have already crossed 70 mt, against the storage capacity of 63 mt.

The government's foodgrain stocks have risen due to record procurement in the last few years following bumper production.

The Malaysian delegation is on a six-day visit to India to strengthen bilateral relations.

Bilateral trade between India and touched a record $12.5 billion in 2011.

First Published: Tue, June 05 2012. 00:21 IST