Demand for Indian wheat, corn, spices has increased dramatically following the Ukraine conflict

Published 2022년 3월 2일

Tridge summary

The article highlights the significant increase in demand for Indian agricultural commodities such as wheat, corn, and spices, following the military operation by Russia against Ukraine. The supply disruption from these countries has led to a shift in international sourcing, resulting in price fluctuations for these commodities in the Indian market. Wheat prices have surged due to limited stock and the upcoming tender by the Food Corporation of India. Corn prices have risen due to shifted demand from Ukraine. Additionally, spice prices, particularly coriander, have increased due to local shortages and high global demand. The poultry sector is facing challenges due to rising soybean costs, which are used in chicken feed.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The demand for Indian wheat, corn, and spices has risen sharply since Russia launched a military operation against Ukraine, the international trade of agricultural commodities was forced to move its sourcing to India as supply from both countries came to a halt. "In the previous four days, wheat prices at the Kandla port have risen from Rs 2,200 per quintal to Rs 2,350-2,400 per quintal. With the Food Corporation of India (FCI) announcing that its upcoming tender this week will be the final one in March, we believe wheat and wheat products prices will rise much more in the coming week "Former president of the Roller Flour Millers Association of India, Sanjay Puri, said "Only after Baisakhi (April 13) will the next crop be harvested." The government agency FCI, which does not export wheat, holds the majority of the country's wheat stock. Wheat traders want the FCI to release more wheat into the market, which would assist to control domestic prices, reduce excess stocks, and meet ...

Source: Krishi Jagran