Wheat exports from India, the world’s second-biggest producer, may surge to an all-time high next year after the government approved additional shipments to make room for a near-record harvest starting next month.
Bajaj Hindusthan Ltd. , India’s biggest sugar maker, and its domestic rivals surged in Mumbai after the farm minister said the time is right to scrap controls on the producers amid forecasts for a rebound in the country’s output.
India, the world’s biggest consumer of sugar, is planning to increase ethanol production to protect mills from falling prices of the sweetener as the country expects a bumper crop next year, Farm Minister Sharad Pawar said.
India, the world’s biggest buyer of palm oil and lentils, plans to provide financial incentives to farmers to boost domestic production and pare reliance on imports in the next five years, Farm Minister Sharad Pawar said.
India’s Prime Minister Manmohan Singh sought negotiations with workers to avert a planned strike this week as 11 trade unions across the political spectrum called for protests against issues including rising prices and the government’s sale of state assets.