India’s wheat exports to hit a new high this fiscal year
Wheat
India
Published Jan 28, 2022
Tridge summary
India exported 6.51 million tonnes of wheat in 2012-13, earning $10,529 crore, and 5.57 million tonnes of grain in 2013-14, earning $9,277.65 crore. The US Department of Agriculture boosted its forecast for India's wheat exports this fiscal year to 6.5 million tonnes earlier this month, citing "strong export demand mixed with competitive Indian wheat pricing in neighbouring countries."
Original content
On the basis of strong demand from nations in South Asia and South-East Asia, India's wheat exports are expected to reach a new high of between 6.5 million tonnes (mt) and seven million tonnes (mt) this fiscal. "By December, we had exported 4.5 million tonnes of wheat. We already export 5-6 lakh tonnes of wheat each month, with 1.5-2 million tonnes of further shipments possible.” Exports could be in the range of 6.5-7 million tonnes, as per Nitin Gupta, Vice-President, Rice and Grains, Olam Agro India Ltd. Wheat exports during the April-November period of the current fiscal were 4.11 million tonnes, valued at Rs 8,547.58 crore, according to the Agriculture and Processed Food Products Export Development Authority (APEDA). In comparison, overall wheat exports in the previous fiscal year were only 2.08 million tonnes, valued at Rs 4,033.81 crore. Despite record foodgrain production this year, the withdrawal of three agri-reform law & pandemic and cast a cloud over the… "In the ...
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