Govt Can Export Up To 3 Million Tonnes Of Wheat To Iran (21-Jun-2012)
Facing the hurdles of quality guidelines, India is stuck up with its proposal to export wheat to Iran. As per Food Minister K V Thomas, the country can export up to three million tonnes of wheat from the government stock to sanction-hit Iran. This is however possible only if West Asian nation is satisfied with the quality of the grain.
The food minister further enlightened that a delegation from Iran was here for a week and have taken samples to their country after field visit to finalize the quality issues of the grain. Upon receiving the clearance on quality norms especially Karnal bunt disease, the country will be in a position to export 2-3 million tonnes of wheat.
On back of record production for two consecutive years, in September 2011 the country lifted ban on wheat exports. However, India has been able to ship only one million of wheat out of the country due to the lower global prices. Further to ease storage crisis, Indian government which is battling to clear surplus stock will be relieved if the Iran government agrees to import wheat.
Top News Today
 UK's BP Plc has offered to surrender a KG basin block after restrictions imposed by the Defence Ministry made oil and gas exploration practically impossible in it. BP along with Reliance...
 In order to comply with the European Union (EU) Good Manufacturing Practice (GMP) standards and to boost pharmaceutical exports to the EU, the government has issued new guidelines on the...
 Indian generic giant Ranbaxy Laboratories has spent over $300 million to overhaul its operations and ensure no repeat of drug safety violations that led to a multi-million dollar US fine....
|
International Stock News
 US markets extended their weakness on Friday and closed mostly lower for a third session in a row, as traders remained worried that the Federal Reserve may start withdrawing stimulus by curtailing...
 The US markets ended modestly lower on Thursday, paring substantial intraday losses after upbeat US economic reports countered worries about the Federal Reserve potentially tapering its bond-buying...
 Asian markets recovered after heavy falls a day earlier and ended mostly higher with Japan's Nikkei surging back from its worst one-day drop since the March 2011 quake-tsunami disaster as...
|
|
Recent Commodity-Market >> Wheat News
|
|