More info on whats currently unfolding re ag commoditiesIndian...

More info on whats currently unfolding re ag commodities

Indian government claims to have large stockpiles of grains
Ive seen the pictures of their claimed stockpiles,stored under tarps lol and rotting in the sheds

IMHO this is only going to get worse as more and more countries try to protect their own production by banning exports,they remember what happened last round of shortages, what with the riots and such

Lets hope that MAK with the potential for a second bite of the cherry, can start getting some runs on the board with offtakes ect

my biggest fear is some low ball takeover offer?

all imho and please do your own research(this is only a section of the article)


http://noir.bloomberg.com/apps/news?pid=20602013&sid=aRm0_SsU9LjM

"Indian Exports"

Russia, Ukraine and Kazakhstan, the three biggest wheat exporters in the former Soviet Union, accounted for about 27 percent of global trade of wheat, flour and related products last year, according to Bloomberg calculations based on USDA estimates on Aug. 12.

Still, India, the worlds second-largest wheat grower, may end a three-year ban on overseas sales as global prices rise, Farm Minister Sharad Pawar said yesterday.

The South Asian nation had a wheat stockpile of 33.6 million tons on July 1, almost twice the normal buffer volume, according to data compiled by the state-run Food Corp. of India.

Lifting Indias export ban is a bearish factor for the wheat market, as it increases competition among exporters including the U.S., Canada and Australia, Ker wrote in a note to clients today.

Corn for December delivery dropped 0.6 percent to $4.275 a bushel, while November-delivery soybeans lost 0.8 percent to $10.34 a bushel.

To contact the reporter on this story: Luzi Ann Javier in Singapore at [email protected].