date:Jan 17, 2014
or storage conditions that have led to substantial wastage have prompted a rethink on exports. Since last fiscal year India has exported nearly 4.5 million tonnes of wheat from state warehouses, and state-backed traders are now selling another 2 million tonnes via tenders.
Any extra supplies from India, though, could dampen Chicago prices which have fallen around 9 percent in the past month due to rising global supplies. Leading producer Ukraine has already raised its 2013 grains output forecas