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India will export wheat to worldwide; will send trade delegates to 9 countries

by Rishika Choudhury

Date & Time: May 14, 2022 3:00 PM

Read Time: 2 minute



Highlights:

• India target to export 10 million tonnes of wheat 2022-23
• Advised to follow quality norms
• Egypt agreed to source Indian wheat

India is going to explore the possibilities of wheat export abroad and will send trade delegates to 9 countries include Morocco, Tunisia, Algeria in North Africa, Indonesia, Philippines, Thailand, Turkey and Lebanon.

India has set a target to export 10 million tonnes of wheat in 2022-23 amid rising demand for grains globally.
The Ministry of Commerce and Industry has already set up a task force on wheat exports with representatives from various ministries, including commerce, shipping and railways, and exporters under the aegis of the Agricultural and Processed Food Products Export Development Authority (APEDA).

Advised to follow quality norms

The demand for Indian Wheat has increased in the global market. The Union Ministry of Commerce and Industry said that Farmers, traders and exporters have been advised to follow all the quality norms of importing countries so that India emerges as a reliable supplier of wheat globally. M Angamuthu, Chairman, Agricultural and Processed Food Products Exports Development Authority (APEDA) said, “We are extending our support to all the stakeholders in the wheat exports value chain for boosting shipment from the country”.

Bangladesh was the largest importer 2021-22

According to estimates by the Directorate General of Foreign Trade, India has exported a record 7 million tonnes (MT) of wheat in 2021-22 which is valued at $2.05 billion. Out of the total shipment around 50 per cent of wheat was exported to Bangladesh in the last fiscal.

Biggest importer agreed to source Indian wheat

Egypt, one of the biggest importers of wheat, had agreed to import Indian wheat. Egypt imported 6.1 MT of wheat in 2021.More than 80 per cent of Egypt’s wheat imports estimated to be close to $2 billion in 2021 were from Russia and Ukraine. APEDA has already communicated to exporters to register with Egypt’s public procurement agency – General Authority of Supplies and Commodities, which manages wheat and sugar imports to the North African country.

Countries imported Wheat till 2021

The importing countries for Indian wheat in 2020-21 are Bangladesh, Nepal, United Arab Emirates, Sri Lanka, Yemen, Afghanistan, Qatar, Indonesia, Oman and Malaysia.

Also Read: HAPPY FARMERS; INDIA APPROVES AN $8 BILLION SUBSIDY FOR PHOSPHATE-BASED FERTILIZERS

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