The causa proxima for this recent flurry of interest, however, is the policy changes allowing exports of wheat and rice at subsidised rates. India now is one of the largest foodgrain exporters in the world, which obviously throws up lucrative opportunities for agri trade. In this connection, there are expectations that the government might extend the last date of December 31, 2002 for exporting these two subsidised commodities in the global market through the Food Corporation of India. But a valid question raised by the trade is how sustainable is this business over the long haul A more focussed policy approach is therefore called for. Besides foodgrains, the agri trading majors are interested in commodities like sugar, pulses and edible oils as well. For instance, there is a huge inventory of unsold sugar stocks lying with the mills clearly suggesting the need for an outlet through sales abroad. Interestingly, whenever the country had earlier sought to export this commodity, prices crashed. But whenever it sought to purchase sugar from the world market, prices zoomed upwards. Whether the active involvement of global agri majors will improve this state of affairs remains to be seen. The important point is that times are a-changing; that India can harness its vast potential in agri trade by continuing the policy thrust on agriculture and attracting more global and local players into the business.