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Govt aims to earn $600 mn by exporting 2 mn tonne wheat: FCI

Government allowed the FCI to export 2 million tonnes of wheat as part of its efforts to cut down huge stocks at its warehouses.



New Delhi: The government aims to earn USD 600 million by exporting 2 million tonnes of wheat from government warehouses, said C. Viswanath, chairman of the state-run Food Corporation of India (FCI).

In August, the government allowed the FCI to export 2 million tonnes of wheat as part of its efforts to cut down huge stocks at its warehouses.

Earlier, the government had allowed FCI to export 4.5 million tonnes of wheat of which 4.2 million tonnes have been shipped out, helping the government earn USD1.4 billion, Viswanath said on Wednesday.

Reuters

From Zee News

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