Govt Revises Prices Of Wheat, Rice For Exports

New Delhi, Aug 29: | Updated: Aug 30 2003, 05:30am hrs
Keeping in view the comfortable stocks of foodgrain in the Central pool, the government has announced new prices for wheat and rice at which exporters can lift from the Central pool. The export target for sugar in the coming year has been fixed at 30 lakh tonne.

As per new prices, exporters can purchase rice stock of 2003-04 season at Rs 7,300 per quintal and rice stock of 2002-03 season at Rs 7,000 a quintal. The Wheat stock of 2002-03 season can be purchased at Rs 6,050 per quintal and that of 2001-02 season at Rs 5,800 a quintal.

Addressing the 4th Editors conference on social sector issues here on Friday, food and consumer affairs minister Sharad Yadav said the government took the decision to announce export prices of grains as the Central pool has sufficient stocks to meet domestic needs and exports.

Mr Yadav said the Central pool at present has a total stock of over 300 lakh tonne which is much higher than the buffer norms. The Central pool has a stock of 80lt rice as against the buffer norm of 65lt for October 1. It has a stock of 224lt wheat against the buffer norm of 118lt. He said new kharif crops will be coming into the market from October 1.