India is in final talks to start wheat export to Egypt whereas discussions are happening with international locations like China, Turkey, China and Iran to start the outbound shipments of the commodity, the commerce ministry mentioned on Saturday.
It mentioned that India’s wheat exports elevated to USD 1.74 billion throughout April-January 2021-22 as towards USD 340.17 million in the identical interval final yr.
In 2019-20, wheat exports had been value USD 61.84 million, which rose to USD 549.67 million in 2020-21, it mentioned.
It additionally mentioned that the Agricultural and Processed Food Products Export Development Authority (APEDA) has lately organized a gathering of key stakeholders in the worth chain for selling exports to these international locations which have an enormous cargo potential in the wake of worldwide provide chain disruptions due to the Russia-Ukraine battle.
“At the assembly, the Railways assured to make obtainable adequate rakes to meet any quick demand for added wheat transport. Port authorities have additionally been requested to increase devoted terminals together with devoted containers for wheat aside at ports,” it added.
India’s wheat exports are primarily to neighbouring international locations with Bangladesh having the most important share of greater than 54 per cent in each quantity and worth phrases in 2020-21. It has entered new wheat markets reminiscent of Yemen, Afghanistan, Qatar and Indonesia.
The high ten importing international locations for Indian wheat in 2020-21 had been Bangladesh, Nepal, United Arab Emirates, Sri Lanka, Yemen, Afghanistan, Qatar, Indonesia, Oman and Malaysia.
“We are giving thrust on constructing infrastructure in the worth chain for giving boosts to cereal exports in collaboration with the state governments and different stakeholders reminiscent of exporters, farmer producer organizations, transporters and so on,” mentioned M Angamuthu, Chairman, APEDA.
India accounts for even lower than 1 per cent in world wheat export. However, its share has elevated from 0.14 per cent in 2016 to 0.54 per cent in 2020. India is the second largest producer of wheat with a share of round 14.14 per cent of world whole manufacturing in 2020.
India produces round 107.59 million tonnes of wheat yearly whereas a significant chunk of it goes in direction of home consumption.
Major wheat rising states in India are Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Rajasthan, Bihar and Gujarat.
“The unit value of wheat performs an essential function in worldwide commerce. While the unit export value of wheat has elevated for all international locations in the final 5 years, India’s unit export value is barely larger than that of different international locations. This is one of many components adversely impacting wheat exports from India,” it mentioned.
In order to guarantee seamless high quality certification of merchandise to be exported, APEDA has acknowledged 220 labs throughout India to present testing companies for a variety of merchandise and exporters.
(Only the headline and film of this report might have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)