India can export wheat but in limit - Govt

It may be called as a good news for both govt wheat exporters as well as private firms or may be not, because there will be no subsidy from government this time around, so the wheat exporters might be dissapointed by this as they can't lower the selling price of wheat when compared to US wheat. Indian wheat would cost more than $240 a tonne in Southeast Asia and the Middle East, or $20-$30 more than Black Sea and U.S. wheat.

The government has allowed the export of 900,000 tonnes of wheat by state-run firms and 650,000 tonnes of wheat products by private trade as monsoon rains revived after a dry spell.export of wheat products was viable but the government had to give details of how it would monitor exports.

Analysts said the move had been anticipated by the market as a panel of federal ministers decided early this year to allow exports of two million tonnes of wheat and wheat products.