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Agriculture

November 29, 2012

INTERNATIONAL: Wheat exports from India to surge as drought cuts global harvest

(Continued)

SINGAPORE —

Overseas sales from India are soaring as exports from around the world are estimated to shrink by the most since 1986 because of smaller supply from the U.S., Australia and Russia, the three biggest shippers last year, according to U.S. Department of Agriculture data.

While India's exportable surplus may be more than 5 million tons, the government will probably limit shipments to keep more grain in state warehouses than necessary as the nation prepares for general elections in 2014, Majumdar said.

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