India closely monitoring exports of wheat flour

Published 2022년 6월 27일

Tridge summary

The Indian government is closely monitoring the surge in wheat flour exports, which have risen significantly since the ban on wheat shipments was imposed on May 13. Between April 1, 2022, and the end of May, 250,000 tonnes of wheat flour have been exported, a substantial increase from the usual 7,000 to 8,000 tonnes per month. The majority of these exports are going to Sri Lanka, Bangladesh, and Nepal. In the current fiscal year, India has exported nearly 3 million tonnes of wheat, setting a record for wheat exports. However, the ban has also impacted the Food Corporation of India's wheat procurement efforts, resulting in a decline of over 54% compared to the previous year.

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

Original content

The government is keeping a close watch on exports of wheat flour which has witnessed a surge since the ban on wheat shipments was announced on May 13, Sudhanshu Pandey, secretary, ministry of food and public distribution said. “Exports of wheat flour are on the high side, if you compare with previous months,” Pandey said. He said that the government is monitoring the domestic prices of both wheat and flour. According to the food ministry, 250,000 tonne wheat flour has been exported since April 1, 2022. Trade sources said monthly exports of wheat flour at this time of year had been around 7,000 to 8,000 tonnes. However, exports have seen a surge to around 100,000 tonnes since the wheat export ban was imposed. Wheat flour is mostly being exported to Sri Lanka, Bangladesh and Nepal. In value terms, exports of wheat or meslin flour jumped by 64% last fiscal from a year before to $ 247 million, according to the DGCIS data. In the current fiscal so far, India has exported close to 3 ...

Source: Indoasiancommodities