April 2002 Edition
Indian Wheat & Rice Exports & Stocks Soar
India has become a major force in the global wheat and rice export markets, and new strategies are designed to expand their position. Though India has stepped up its export pace, it continues to be plagued by mounting stocks due to rising production and attractive procurement prices that encourage farmers to sell their crops to the government.
However, as part of a new strategy to continue export expansion and surmount some of the problems faced with marketing low quality product, the government plans to implement export promotion policies, supplemental to selling stocks at reduced prices. In addition to countertrade, longterm credit, and food aid, the government plans to remove export restrictions, establish Agri Export Zones, and give transportation subsidies for exports of wheat and rice from government warehouses.
With these new policies, India has the potential to export even more and gain market share from competitors such asVietnam and Pakistan for rice and the United States for wheat. However, the government needs to overcome a weak infrastructure, the lack of uniform grades and standards, and quality problems.
Complete Grain Report in PDF: Text and Tables
Foreign Countries' Policies and Programs:
All Grain Summary Tables: Foreign Countries and US Data
Situation and Outlook: Commentary and Current Data
Historical Data Tables: Selected Regions and Countries
General Footnotes for Grain Tables
Grain and Feed Contact List
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