India on Thursday fixed the price of wheat sold to exporters from this year's new crop at Rs 5,550 ($118.4) a tonne, a government statement said.
India's state agencies have procured 15.12 million tonnes of wheat from farmers since April compared with 17.6 million tonnes at the same time last year.
India sows wheat in November and harvest begins in April.
The statement said wheat from the 2002-03 (April-March) crop will be given to exporters at Rs 5,250 a tonne. Wheat from the 2001-02 and 2000-2001 crops will be sold at Rs 5,110 a tonne.
The government has set Rs 4,910 a tonne for the 1999-2000 wheat crop and Rs 4,510 a tonne for the 1998-99 wheat crop.
"These prices will be valid for export of wheat and wheat products for the July to September quarter," it said.
Prices for wheat products have been set at Rs 500 a tonne more than that of the grains.
India, trying to cut its huge grain stock of around 40 million tonnes, sells wheat and rice to exporters at subsidised prices. The country has been exporting around 400,000 tonnes of wheat a month mainly to Southeast Asia and the Middle East.
