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Economy Sep 11, 2012

Despite poor monsoon, India continues to export rice, wheat

India is likely to continue exports of wheat and rice despite the poor monsoon, food minister KV Thomas said on Tuesday, as the country has ample stocks from last year's harvest.

Reuters

India is the world's second-biggest producer of rice and wheat.

Poor monsoon rainfall in key oilseeds and pulses growing regions is likely to hit output, Thomas told reporters on the sidelines of a conference.

India relies on imports of pulses and edible oils to meet local consumption.

Reuters

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