New Delhi: India, the world’s second-biggest wheat and rice producer, will not allow overseas sale of food grains from government stocks, food minister KV Thomas said on Friday.
“No, we want to be cautious and government has not allowed exports from government stocks,” Thomas said when asked whether such grain exports would be permitted.
Indian traders want the government to allow exports from its own grain stocks to clear overflowing warehouses as the country readies for a bumper harvest of summer-sown crops.
A close up view of a paddy field (file photo Bloomberg)
But the government wants to hold on to its supplies in the face of stubbornly high inflation and uncertainty over how much grain it would need to meet requirements under a food security law.
Last month, India had allowed exports of rice and wheat for private trade.