India to resume wheat exports to Iraq
Iraq-India, Economics, 9/7/2002

India will resume wheat exports to Iraq by early next month and samples are being readied to be sent to the Grain Board of Iraq (GBI) to be analyzed by the laboratories in Baghdad.

"We are negotiating with two companies for sending a joint cargo of up to 25,000 tons to Iraq by early next month and the godowns are being identified for karnal bunt-free wheat for the purpose," Chief Executive Officer of L T Overseas V K Arora was quoted by the Indian news agency PTI as saying.

Managing Director of Priyanka Overseas, R K Jain, said his company will send a shipment of 20,000 tons to Iraq next month for which it has identified the wheat quality, but stocks are yet to be lifted from the Food Corporation of India. He said samples will be sent for inspection to the GBI and if found positive, a shipment will be dispatched.

The line of credit has been extended by the Iraqi authorities up to December 31 this year and based on this the price will remain the same as earlier negotiated of US$ 204 a ton, he added. Jain said there is no ban on exports to Iraq as the government had not issued a notification to this effect, only a verbal advisory was given to prevent the embarrassment in the event of rejection. The export plan has received a boost with the recent visit of Petroleum Minister Ram Naik to Iraq where the authorities expressed their readiness to accept karnal-bunt fungus-free wheat from India.

Previous Stories:
  Indian business delegation to visit Iraq   (7/5/2002)
  Indian traders worried over delay in resuming wheat exports to Iraq   (10/12/2001)
  Iraq stops deliveries of crude to India   (12/13/2000)

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