To ease foodgrain storage crisis and to decide on export of wheat, an Empowered Group of Ministers, EGOM, headed by Finance Minister Pranab Mukherjee is likely to meet next week.

The Food Minister K V Thomas on Wednesday said in New Delhi that the government agrees with the recommendations of the Rangarajan panel to handle surplus stocks.

A committee, headed by Rangarajan, last week submitted a report to the Prime Minister suggesting offloading of 10 million tonnes of wheat to the families below poverty line, BPL and above poverty line, APL and three million tonnes via open market sale. 

The panel also suggested export of two million tonnes of wheat from the government godowns. It also favoured giving incentives to private traders for export of one million tonnes as wheat exports at present are unviable.