Its wheat stock is expected to be 28.8million tonnes against a requirement of 14.3 million. Analysts said thatwhile the country is making an all-out effort to curb imports of agriculturecommodities because of its bulging stocks, it is unable to export thembecause its domestic prices are higher than global prices. They say theproblem is political. It has to pay higher prices to farmers. It hasto bear an additional subsidy burden.
Options open Domestic traders are happy about the prospect of duty impositions.
If tomorrow there is ashortfall in output, we will reduce it. The country gets about 80 per centof its rainfall from the June to September southwest monsoon rains, whichdetermine the crop prospects and overall demand growth in the country. This entire edition is compiled in Mumbai by The Indian Express Online Media Limited, a division of The Indian Express Group of Newspapers. Managed by The Indian Express Online Media Limited and hosted by CerfNet.