Government cleared export of 2 million tonnes of wheat

The Government cleared the export of 2 million tonnes of wheat from its buffer stock with floor price of $228 per tonne. This decision was taken to make storage space for fresh crop. The current stock of wheat and rice is about 82 million tonnes in Government godowns against the storage capacity of 64 million tonnes. India harvested 90.23 million tonnes of wheat in 2011-12 crop year (July-June). India is the world’s second largest wheat producer.