Skip to comments.Indian wheat exports in 2013 could reach 3 million tonnes, says official
Posted on 11/28/2012 5:46:52 AM PST by DeaconBenjamin
SINGAPORE: Exports of wheat by India, the world's second-largest producer, could reach 3 million tonnes from government stocks in 2013, an official of a state-run trading firm said on Wednesday, adding that the country had sold 1 million tonnes since April.
Traders expect wheat shipments from India to rise as a potent combination of dry weather in the United States and drought in the Black Sea region hurts global supplies.
"Initially the government has set a limit of 2 million tonnes for wheat exports, but I think the exports will continue to go much higher," the official told reporters at an industry conference in Singapore.
"We should easily be able to contract up to 3 million tonnes in 2013, as there is strong demand and supplies from the Black Sea region have slowed," said the official, who declined to be named because he is not authorised to speak to the media.
Since supplies from Russia and Ukraine have fallen, India has been selling wheat in key markets such as the Middle East, Africa and Southeast Asia.
India looks likely to harvest a bumper crop of wheat in 2013, its sixth in a row to exceed demand, after late monsoon rains replenished soil moisture, strengthening prospects for exports for a second year.
"The outlook for the crop looks good and we have more than 40 million tonnes in stocks, so the export programme will continue," the official said.
"We will offer wheat from new crop for exports as it is much easier to buy from farmers and sell it directly to trading companies," he added.
Subsidies gave state-run firms an edge in wheat exports over private firms, which found it hard to make a profit, he said.
"We are getting a subsidy of $40 to $50 a tonne to export wheat," he said.
Wheat futures have given up more than 8 percent since hitting a four-year high of $9.47-1/4 a bushel in July, although it is poised for a rebound on prospects of lower global supplies next year.
India is a wheat exporter...I’ll be danged. Thirty years ago, with 40%-50% of the population, they were starving.
Yeah, that’s what struck me. Due largely to improvements in agriculture created by evil agribusiness, and to India moving away from its socialist tradition.
IOW, if liberals had their way, India would still be starving.
Another exhibit for the “Paul Ehrlich is ALWAYS Wrong” pile.
India is a net exporter of food. In the 70’s he predicted they’d all starve to death by 1985.
Meet Norman Borlaug, one of the few people in history who actually earned their Nobel Peace Prize...
Dude, stop getting your facts fom Paul Erlich. In The Population Bomb (1968), he predicted India was Doomed, Doomed, I sez.
Ehrlich writes: "I don't see how India could possibly feed two hundred million more people by 1980." This view was widely held at the time, as another statement of his, later in the book: "I have yet to meet anyone familiar with the situation who thinks that India will be self-sufficient in food by 1971." In the book's 1971 edition, the latter prediction was removed, as the food situation in India suddenly improved.
As of 2010, India had almost 1.2 billion people, having nearly tripled its population from around 400 million in 1960. India's Total Fertility Rate in 2008 was calculated to be 2.6. While the absolute numbers of malnourished children in India is high, the rates of malnutrition and poverty in India have declined from approximately 90% at the time of India's independence, to less than 40% today. Ehrlich's prediction about famines were found to be false, although food security is an issue in India. However, most epidemiologists, public health physicians and demographers identify corruption as the chief cause of malnutrition, not "overpopulation". As Nobel Prize winning economist Amartya Sen noted, India frequently had famines during British colonial rule. However, when India became a democracy, there have been no recorded famines. - Wiki
In my lifetime, during my university education, liberal professors told MD India would never be able to feed itself. One professor even stated that should India pursue self determination the only solution would be the death of 95% of the population and the use of their remains to fertilize the land.
I guess they happened upon a solution he hadn’t considered
Dude, where did I endorse Ehrlich? What about my post was incorrect, other than maybe being off by a decade? 30-40 years ago they had far fewer people and WERE starving.
Dream on. I remember being in the Seychelles in thw early 70s and seeing ships arriving with grain from India at a time when we were sending them massive food aid.
Indians were exploiting the situation by selling their production at a big profit.
Leftys, of course, like to ignore him not only because he was a white male devout Christian, but because his actual accomplishments put to the lie favorite leftist economic theories.
A little known factoid: India actually has more arable land that the entire United States. Even more when you consider that most of the southern half of the subcontinent can grow crops in two or more seasons.
Yeah, it's sarcasm.
Are they exporting to America yet?
“Clean your plate, Ahmud! Think of all the starving children in America who would kill for those scraps!”
As long as they don’t try to sell it in the USA I don’t care. We don’t need the same low quality standards they apply to their other exports.
Not thirty — more like 50 years ago. In the 1970s they implemented the Green Agrarian revolution and they have wheat and rice exports...
Ahmed might be the name of the kids of the 11% of Indians that are Moslem. They are 79% Hindu, 3 % Christian, 2% Sikh, then Buddhist, Jain, zoroastrian, Jewish etc.
Norman Borlaug won India’s highest civilian honor and he saved over a billion people from starvation. That’s a saint..
Borlaug received his Ph.D. in plant pathology and genetics from the University of Minnesota in 1942. He took up an agricultural research position in Mexico, where he developed semi-dwarf, high-yield, disease-resistant wheat varieties.
During the mid-20th century, Borlaug led the introduction of these high-yielding varieties combined with modern agricultural production techniques to Mexico, Pakistan, and India. As a result, Mexico became a net exporter of wheat by 1963. Between 1965 and 1970, wheat yields nearly doubled in Pakistan and India, greatly improving the food security in those nations. These collective increases in yield have been labeled the Green Revolution, and Borlaug is often credited with saving over a billion people worldwide from starvation. He was awarded the Nobel Peace Prize in 1970 in recognition of his contributions to world peace through increasing food supply.
At the time I could not think of a good Indian name. Since there ARE Indain Muslims, I decided Ahmed or whatever...