(Corrects reporting credit)
Dec 11 (Reuters) - India is considering a proposal to allow
an extra 2.5 million tonnes of wheat for overseas sale, Food
Minister K.V. Thomas said on Tuesday.
India, the world's second biggest producer of the grain, has
allowed 2 million tonnes of overseas sales so far this year from
government warehouses as part of a strategy to cut huge stocks
built due to successive bumper harvests.
In reply to a query in the parliament, he said three
state-run companies have so far tendered 1.73 million tonnes for
overseas sale this year.
State Trading Corp, MMTC Ltd and PEC Ltd
have been regularly floating global tenders since August for the
overseas sale of the grain.
On Nov. 29, PEC received the highest bid at $328 per tonne
from a Dubai-based company for its global wheat export tender
that offered 125,000 tonnes for shipments by Jan. 15.
(Reporting by Ratnajyoti Dutta; Editing by Anand Basu)