Talks on to export wheat to Egypt
India is in final talks to start wheat export to Egypt while discussions are going on with countries like China, Turkey, China and Iran to begin the outbound shipments of the commodity, the commerce ministry said on Saturday.
India’s wheat exports increased to $1.74 billion during April-January 2021-22 against $340.17 million in the same period last year. In 2019-20, wheat exports were worth $61.84 million, which rose to $549.67 million in 2020-21.
Agricultural and Processed Food Products Export Development Authority has recently organised a meeting of key stakeholders in the value chain for promoting exports to those countries which have a huge shipment potential in the wake of global supply chain disruptions due to the Russia-Ukraine conflict.
“The Railways plans to make available sufficient rakes to meet any immediate demand for additional wheat transport. Port authorities have also been asked to augment dedicated terminals along with dedicated containers for wheat apart at ports,” it added.
India’s wheat exports are mainly to neighbouring countries with Bangladesh having the largest share