EGoM to decide on grain exports on Monday
An Empowered Group of Ministers (EGoM) on food is scheduled to meet on Monday to consider a proposal to export 3 million tonne of wheat and rice to ease foodgrain storage problems.
July 10, 2011 / 14:45 IST
An Empowered Group of Ministers (EGoM) on food is scheduled to meet on Monday to consider a proposal to export 3 million tonne of wheat and rice to ease foodgrain storage problems.
The proposal is listed on the agenda of the EGoM, headed by Finance Minister Pranab Mukherjee, which is scheduled to meet late afternoon on Monday, sources said.Besides exports, the EGoM is expected to discuss the draft bill of the proposed National Food Security Act prepared by the Food Ministry, sources said.The government had banned export of wheat since 2007, and of non-basmati rice from 2008.Sources said exports of a small quantity of foodgrains could be allowed as the ministry is concerned over managing huge stocks of 65 million tonnes, with the storage space of only 62 million tonne. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
