The Government today said it is working on a proposal to allow private traders in additional wheat export from the central stocks as part of its efforts to create space for the new crop.

So far, the Government has allowed export of 4.5 million tonnes of wheat from the Central pool stocks mainly by State-run trading corporations.

“We are thinking of allowing private traders in export of additional wheat from the Food Corporation of India (FCI).

Discussions with various ministries are going on,” Food Minister K. V. Thomas said at an Assocham event on the commodity futures market.

The Minister, however, did not divulge the quantity of additional wheat that would be allowed for export. But sources said the Food Ministry has circulated a Cabinet note for inter-ministerial discussions on allowing exports of an additional 5 million tonnes.

As on February 1, the FCI had wheat stocks of 30.8 million tonnes. The Government is under pressure to create storage space for the new wheat crop, which will be harvested from April onwards. The wheat output was pegged at 92.3 million tonnes in 2012-13.

Meanwhile, private traders have so far exported about 2 million tonnes of wheat, which was sourced from the open market.

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