Industry trade

India to send trade delegation to nine countries to boost wheat exports

The Union government is set to send trade delegations to nine countries, including Indonesia and the Philippines, to explore ways to increase wheat exports. It comes amid a severe shortage of food grains around the world after nearly a third of global wheat exports through the Black Sea were hit due to the war in Ukraine.

“The Center will send trade delegations to Morocco, Tunisia, Indonesia, the Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon to explore opportunities to boost India’s wheat exports,” he said. said the Ministry of Trade and Industry.

India plans to export 10 million tonnes of wheat in the current financial year amid rising global demand for grains, compared to the 7 million tonnes (MT) of wheat it expects. ‘it managed to export in 2021-22. Experts said the value of wheat exports could also jump, given the depreciation of the rupee. Wheat exports in 2021-22 amounted to $2.05 billion, according to official figures.

However, it should be added that the government lowered its wheat production estimate by 5.7% to 105 million tonnes from the 111.32 MT projected for the crop year ending in June. Although India is the second largest wheat producer, this year’s production is expected to fall due to the early onset of summer.

“Wheat production estimates have been revised downwards, but this will not impact exports. We also have stock available in our attics since last year,” a Commerce Department official told Mint.

The Indian Meteorological Department (IMD) had issued a new heat wave warning until May 15 after similar warnings earlier this month. Weather experts have warned that temperatures in parts of Rajasthan, Gujarat and Vidarbha could reach 46-47 degrees Celsius due to dry and hot westerly winds.

The ministry further said that it has already set up a wheat export task force with representatives from various ministries, including commerce, shipping and railways, and exporters under the aegis of Agricultural and Processed Food Export Development Authority (APEDA).

The Commerce Ministry has also planned to hold a series of export sensitization meetings in major wheat producing states such as Punjab, Haryana, Madhya Pradesh, Uttar Pradesh and Rajasthan, the official said. government.

“APEDA organized such an interactive meeting with various stakeholders including farmers, traders and exporters in Karnal, Haryana to promote wheat export and ensure shipment of quality products.

The stakeholder meeting was organized in collaboration with ICAR-Karnal Wheat and Barley Research Institute, where experts discussed the opportunities and challenges in the field of wheat export,” said said the ministry.

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