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In the midst of the War of Russia and Ukraine, India’s wheat exports have been taken back after the world’s growth and total shipments have already affected a record of 6.6 million tonnes. Tax so far, the Sudhanshu Pandey Food Secretary said. It is an “opportunity” for Indian exporters because the new wheat harvest will be available early March 15, compared to other global wheat producers, he added Although India has a wheat surplus, it may not be able to ship it to Europe because of the lack of regulatory approvals and the availability of Russian wheat in the way the West has put trade. Agricultural sanctions, according to a report in SilverControl Russia and Ukraine together account for 30% of global wheat exports.
Their wheat crop will ripen in August and September of this year. As a result, global wheat prices have already increased and have ruled in the range of 24,000 to 25,000 rupees per tonne, has added the food secretary. “Indian wheat exports, consequently, have been picked up. From February, we have already exported 6.6 million tonnes of wheat, “said Pandeey India’s wheat production is estimated to reach a new record of 111.32 million tonnes during the Culture Year 2021-22 (July-June) compared with 109.59 million tonnes the previous year, according to The second preliminary estimate of the Ministry of Agriculture.
Other global players will enter the market later after the end of their summer season. “We will have adequate wheat stock and the new harvest will also be available for normal private export actors,” he added arecent international price gathering has made wheat shipments more lucrative for traders The price of the reference wheat in Chicago increased by more than 40% this week on the fear of the disturbances of the offer due to sanctions on Russia and the war in Ukraine Last week traders said India’s wheat exports were to accelerate with a burst of buyers investigations looking for alternatives to shipments of black marines India will also send 50,000 tons of wheat to Afghanistan, said Pandey, with the aim of helping the country cope with poverty and hunger since the Taliban take control last year New Delhi has already sent 4,000 tons of grain into Afghanistan via a terrestrial road rarely used through Pakistan.
Indian officials stated that wheat exports to neighboring Bangladesh will increase in the future, according to a MoneyControl report. Bangladesh bought 60% of India wheat, followed by Sri Lanka (8.1%) and United Arab Emirates (7.3%). Due to the modification of trading models, India exports wheat to Indonesia, the Philippines and South Korea in recent years China (133.6 million tonnes) and India (103.6 million tonnes) were the best wheat producers in the world in 2019, followed by Russia (74.5 million tonnes), while Ukraine Separates from seventh (28.4 million tonnes), according to the supply and agriculture of the United Nations. Organization.
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