India should step up wheat, corn, soya meal exports

Three developments last week were a cause for worry for India’s agro trade. These were — apprehensions about the Indian Government’s restrictive actions on export policies in the wake of deficient monsoons; Russia’s August 8 meeting on whether wheat exports should be continued or restricted in view of the dwindling 2012-13 crop; and the USDA’s (US Department of Agriculture) report of August 10 on World’s Agriculture Supply and Demand Estimates (WASDE), with special reference to projections on US’s drought-hit corn crop.

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