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Govt to closely monitor stocks of agri-products to ensure adequate supply

09 May 2012 Evaluate

The government is keenly watching stocks of agricultural commodities in warehouses in India given the recent increase in their exports and will not hesitate to impose restrictions if exports threaten the stock of the country.

India off late has allowed the exports of a number of agricultural commodities like sugar, cotton and rice keeping in mind their record production. These commodities have also become more competitive in global markets due to the fall in Indian rupee against the US dollar and competitive pricing.

India is expected to produce around 103.41 million tonnes of rice, 90.23 million tonnes of wheat, 35.2 million tonnes of cotton and 26 million tonnes of sugar for 2011-12.

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