3 min read.Updated: 14 May 2013, 03:06 PM ISTRenu Kohli
Exporting one’s way out of the surplus is a losing proposition as global prices have fallen rapidly in the past few weeks
India held 77.5 million tonnes (mt) of food stocks in its central pool on 1 May. These stocks had reached a record high of 82.4 mt on 1 June 2012, and that level could be crossed if wheat procurement this May is similar to the procurement a year ago. So, food stocks could very well peak at 88-90 mt this June.
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