India has signed contracts to export about 500,000 tonnes of wheat in recent days, traders said, cashing in on a sharp rally in international prices and signalling a big uptick in overseas sales from the world’s second biggest producer of the grain. Traders said last week they had received inquiries from buyers seeking alternatives to .
After five consecutive record crops, India is struggling with mammoth wheat inventories and both the government and private traders are keen to capitalise on any opportunity to sell the grain on the world market.