NEWS
Additional Wheat from India
Thu Dec 27, 2012 11:19 AM CST

NEW DELHI (Dow Jones) -- India's federal cabinet Wednesday allowed exports of an additional 2.5 million metric tons of wheat from overflowing government stocks, Finance Minister P. Chidambaram told reporters.

The quantity would be over and above 2 million tons of wheat allowed earlier this year.

Separately, the cabinet increased the assured price of wheat paid to farmers to 1,350 rupees per 100 kilograms from 1,285 rupees per 100 kilograms, Chidambaram said.

India's decision to allow more wheat exports would likely help to marginally trim the government's huge pile of foodgrain stocks -- currently at three times its requirement -- ...

Quick View
  • Stay on Top of SDS The distinctive yellow patches of sudden death syndrome (SDS) are surfacing in soybean fields acr...
  • Cattle Market There may be a little less bull in this fall's calf market, but the fundamentals still spell oppo...
  • Precision Ag Potential Pending Precision agriculture proponents insist the industry can revolutionize agriculture, but first mor...
  • Cash Rent Reset - 1 With sub-$4 corn forecast for multiple years, growers need to make a preemptive strike on their 2...
  • Iowa Land Gets a Bounce Key Midwest land values are stuck in neutral or sliding below 2014 levels, recently released opin...
  • Canadian Dairy Conundrum Coping with Canada's dairy industry import tariffs and supply controls remains one of the stickin...
  • Senior Partners - 5 This fatherly financial advice is meant to prevent heartaches should the farm economy suffer anot...
  • Ask the Taxman by Andy Biebl CPA Andy Biebl answers readers' questions on depreciation recapture, defining a "true" lease and ...
  • Ask the Vet Does my calf have a hernia and is it repairable?
Related News Stories
IGC Trims 2015-16 World Wheat Forecast
Strategie Lowers EU Wheat Forecast
Kansas Wheat Harvest Update - 12
A World of Wheat Still Awaits
Midsummer Weather Outlook - 3
Kansas Wheat Harvest Update - 11
Kansas Wheat Harvest Update - 11
Kansas Wheat Harvest Update - 9
Kansas Wheat Harvest Update -- 9
Kansas Wheat Harvest Update - 8