New Delhi, July 23: Wheat exports to Iraq which had been halted due to the Second Gulf War are expected to resume next month following revalidation of the contracts. The execution of contracts has been jinxed since May 2001, first due to quality problems and subsequently due to the war earlier this year.
“Four contracts for around 1.75 lakh tonne have already been revalidated up to December this year and a letter of confirmation has also been received,” CMD, State Trading Corporation (STC), Arvind Pandalai, said.
He said the demand for delivery of these contracts from Iraq is likely to come up next month.

India has orders to export around six lakh tonnes wheat in two different tranches either directly by STC or by private traders through the company at prices of $203 and $212 a tonne respectively for governorate delivery in Iraq.
Pandalai said it is likely that under the new regime, the delivery will be on a cost and freight (C&F) basis at Umm Qasar port instead of the governorates and the price settled accordingly. Bureau Report