Indian wheat traders are not particularly enthused by the recent surge in global prices as the scope for them to take advantage of the favourable market condition is limited. The reasons are many, first the government does not allow wheat exports and even if it allowed such sales, there is hardly any excess stocks with private traders, moreover, at the current level, Indian wheat is priced more than it global competitors. ?Price is wheat procured from Uttar Pradesh (this is where bulk of the private purchases have taken place in the last two years) will cost around $330 per tonne in the international market, while Australian and Argentinean wheat is available at $260-$270 per tonne (FOB) for December-January delivery. In such a situation it is very unlikely that anybody will like to buy Indian wheat,? a leading trader said. He said exports would become feasible, only if someone manages to get a price of $370 per tonne for Indian wheat, which can happen if global wheat prices spike more.