Wheat exports from India likely to cross 10 million tonnes this fiscal: Piyush Goyal

India’s wheat exports are likely is cross 100 lakh tonnes (10 million tonnes) during 2022-23, due to increasing demand for the commodity in the world market, Commerce and Industry Minister Piyush Goyal said.

The exports have already crossed 70 lakh tonnes in 2021-22 (worth over Rs 15,000 crore) as against 21.55 lakh tonnes (over Rs 4,000 crore) in 2020-21. In 2019-20, India exported only two lakh tonnes of wheat worth Rs 500 crore.

The minister said wheat exports have helped several countries in meeting the requirements of food security. “We will continue to export wheat in a big way and meet the needs of the countries that are not getting their supplies from the conflict areas, and my own sense is that this time we will probably exceed our wheat exports of over 100 lakh tonnes comfortably,” he told reporters.

Russia and Ukraine together account for almost a quarter of the global wheat supply. Their wheat crop will mature in August and September this year. India is in final talks to start wheat export to Egypt, while discussions are going on with countries like China, Turkey, China and Iran to begin the outbound shipments of the commodity.

In India, farmers are focused on increasing production also, and regions like Gujarat and Madhya Pradesh are exporting in a big way from last year, he added. India exports wheat mainly to neighbouring countries, with Bangladesh having the largest share of more than 54 per cent in both volume and value terms in 2020-21. Wheat exports to Bangladesh have crossed 3.5 million tonnes in 2021-22.

The country has entered new wheat markets such as Yemen, Afghanistan, Qatar and Indonesia. The top ten importing countries for Indian wheat in 2020-21 were Bangladesh, Nepal, United Arab Emirates, Sri Lanka, Yemen, Afghanistan, Qatar, Indonesia, Oman and Malaysia.

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