REFILE-India considers extra 2.5 mln T wheat exports - minister

Last Updated: Tue, Dec 11, 2012 14:10 hrs

(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)

More from Sify: