India to raise 2013 wheat exports
India raised its 2013 wheat export limit by 500,000 tonnes from a year ago on hopes for a bumper harvest and said it would pay its farmers 5.1 percent more for purchases of the grain, contrary to expectations, due to higher input costs.
India decided to offer 3 million tonnes of wheat to private buyers and an extra 6 million tonnes of grains to states for supply to the poor at cheaper rates, the Food Minister said on Tuesday.