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CCEA approved export of additional 2 million tonnes of Wheat

Aug 9, 2013 17:06 IST

The Cabinet Committee on Economic Affairs (CCEA) on 8 August 2013 approved the export of additional 2 million tonnes wheat from its godowns. The additional wheat would be traded through public sector trading firms. The proposal for additional export of wheat was proposed by the Union Food Ministry.  

The decision was taken for clearing the surplus stock and to ease the storage crunch. The additional export is allowed as there is a huge stock of 40 million tonnes of wheat. The overflowing stocks in Food Corporation of India (FCI) godowns have also put pressure on storage availability.

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