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India can export 3 mn tonnes of wheat worth $390 M
By siliconindia staff writer
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Wednesday, 26 January 2005, 20:30 IST
NEW DELHI: With wheat production estimated to surpass last year's production by about one million tonnes, experts have made a strong pitch for exporting over two million tonnes of wheat during the current year.
According to IARI director S Nagarajan, India can export three million tonnes of wheat worth 390 million dollars even after meeting the domestic demand of 65 million tonnes and allocating for buffer stocks after the current rabi season.
He said India could capitalize on the demand for high grade wheat in the international market by exporting about three million tonnes of the commodity and earning 390 million dollars from it.
MARKFED Managing Director S S Channy said there is a readymade demand of two million tonnes of wheat from flourmills in Pakistan and that the Ministry of External Affairs is considering the matter.