At a business mission in New Delhi, they discussed the potential for increasing the supply of grain legumes and oil and fat products from Russia

Russia

India

Published Mar 17, 2023

Tridge summary

On March 14 and 15, as part of the business mission of Russian exporting companies in India, working sessions were held dedicated to the intensification of mutual trade in grain and leguminous products, as well as oil and fat products. At the meetings, the peculiarities of demand in the Indian market, quality and certification requirements, tariff and non-tariff barriers, as well as possible formats of bilateral cooperation were discussed.

Original content

On March 14, a working meeting "Potential for increasing mutual trade in grain and leguminous products" was held. It was moderated by Eduard Zernin, Chairman of the Board of the Union of Grain Exporters. He recalled that in this agricultural season, the Russian potential for grain exports reaches 60 million tons. In the next agricultural year, farmers plan to slightly reduce the sowing of grain crops in favor of others, including legumes. “Yellow peas, a raw material for protein production, have become the key leguminous crop in Russia. This is a novelty of the last two seasons: domestic pea production has increased dramatically, and it is selling very well,” Zernin said. In addition, in case of possible climatic anomalies in India, he proposed to work out in advance the issue of opening a market for Russian wheat, the price of which is now one of the most competitive in the world. Bimal Kotari, Chairman of the Indian Association of Producers and Importers of Cereals and Pulses, ...

Source: Zol