India clears export of 300,000 tonnes of wheat to Nepal

Published 2023년 5월 30일

Tridge summary

India has approved a request from Nepal to export 300,000 tonnes of wheat to the country to help cover a shortfall in domestic production. This is part of a larger export authorization of 1.05 million tonnes of food grains to Nepal, Indonesia, Senegal, and Gambia. Nepal's wheat production is projected to decrease by 2.14% this year, while demand is expected to rise by over 10%. The country relies heavily on wheat imports to support its flour industry, which supplies raw materials for various food products. The decision comes after a severe wheat shortage in Nepal following an Indian export ban last year.

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Original content

India has widened the door for wheat exports allowing Nepal to obtain a 300,000-tonne shipment it had requested in April to plug a gap in domestic output. According to Indian media reports, India has permitted exports of around 1.05 million tonnes of food grains to Nepal, Indonesia, Senegal and Gambia as part of its economic diplomacy, waiving curbs on exports. Nepali government officials say they are yet to receive official notification of the export restriction being removed. “We had made a request to the Indian side. We have not received official notification from them,” said Radhika Aryal, joint secretary of the Ministry of Industry, Commerce and Supplies. Nepal had sent a request to the Indian government through the Foreign Ministry to provide wheat as local flour mills were struggling to get raw materials. Mill owners had been pleading with the government that they needed at least 600,000 tonnes of wheat to get them through the upcoming fiscal year beginning mid-July. “The ...

Source: UkrAgroConsult