Ahead of ministers' panel meeting scheduled next week to review the export ban on wheat and non-basmati rice, Commerce Secretary Rahul Khullar today said pressure is likely to stay on agri-commodity prices.
However, he said that the government policies should not reflect a "knee-jerk reaction".
An empowered group of ministries (EGoM) is scheduled to review the issue on July 11. The Food Ministry has moved a proposal to export 2 million tonne of wheat and 1 million tonne non-basmati rice.
Export of wheat and non-basmati rice has been banned since February 2007, and April 2008, respectively in the backdrop of high food inflation.
"My own sense is that the pressure on agri prices is going to continue. I also think that domestically, the (pressure on) prices is going to continue even more," Khullar told a WTO function here.
When asked about allowing wheat and non-basmati rice exports, he said the issue would be discussed next week. Food inflation fell to a one-and-a-half month low of 7.78% for the week ended June 18.
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The Agriculture Ministry has pegged total foodgrains output at 245 million tonne for the 2011-12 crop year, as against 235.88 million tonne last year.