The government plans to haul up the three-year-old ban on wheat exports on the back of estimates of record production this year and huge stocks lying in godowns.
Considering huge stock in the central pool, the Commerce Secretary, Rahul Khullar said that the matter was under consideration.
When the Government had to trade in to meet its buffer stock constraints, India had banned wheat exports in early 2007.
Wheat production of India, the world’s second largest grower, is estimated at record 80.98 million tons in 2009-10 crop years against 80.68 million tons in the previous year.
The Government has so far procured nearly 22 million tons in 2010-11 marketing year (April-March) against a record purchase of 25.4 million tons last year.
Wheat procurement is expected at 24.5-25 million tons in the current marketing year, said food and agriculture minister Sharad Pawar.
Although there is a ban on wheat exports, the Government had permitted shipments of wheat, though in a limited capacity, to neighboring countries and African nations on diplomatic grounds.