West indian countries

More countries are showing interest in buying Indian wheat

India is exploring wheat export opportunities this fiscal year to a group of countries. While in talks with Egypt and Turkey on shipment volume and quality standards, Nicaragua and Syria have expressed interest in grain supplies through a government agreement to government (G2G), according to official sources.

Syria and Nicaragua have requested the shipment of 0.3 million tonnes (MT) and 0.1 MT of wheat respectively from India, the sources added.
Meanwhile, the government will send trade delegations to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon to start/increase wheat exports to these countries.

In the case of G2G grain exports, the National Agricultural Cooperative Marketing Federation of India (Nafed) conducts the exports on behalf of the government.
Egypt, which is one of the biggest wheat importers in the world, has already agreed to source wheat from India. The Egyptian authorities have put India as one of the origins of this strategic commodity. Wheat export to Egypt will start soon.

“There is a large demand for wheat from India in the global market and we will extend all support to boost shipments,” Farm Food Export Development Authority chairman FE M Angamuthu told FE M Angamuthu. and processed (APEDA).

India exported a record 7 MT of wheat in 2021-22, which is valued at $2.05 billion. Of the total shipments, about 50% of the wheat was exported to Bangladesh in the last fiscal year.

The Ministry of Trade and Industry has already set up a wheat export task force with representatives from various ministries including trade, shipping and railways and exporters under the aegis of the APEDA.

Prime Minister Narendra Modi last week asked relevant officials to ensure quality standards for the country’s exports of food grains and other agricultural products.

“In view of the growing demand for agricultural products from India, the Prime Minister has directed that all measures be taken to ensure quality norms and standards so that India becomes an assured source of food grains and other agricultural products,” an official statement said. .

Amid reports of a decline in wheat production to 105 MT from the previous estimate of 111 MT for the 2021-22 crop year (July-June), India has set a target of a record 10 MT of wheat in 2022-23, amid rising global demand for grain globally.

The government is considering several measures to ensure the domestic supply of wheat while remaining cautious on exports. Sources said domestic wheat availability is constantly monitored.

Meanwhile, the Ministry of Commerce has also planned to hold a series of export sensitization meetings in major wheat producing states such as Punjab, Haryana, Madhya Pradesh, Uttar Pradesh and Rajasthan. .

APEDA on Wednesday held such an interactive meeting with various stakeholders including farmers, traders and exporters in Karnal, Haryana to promote wheat export and ensure shipment of quality produce , according to an official statement.


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