Wheat exports more likely to cross USD 100 lakh tonnes this fiscal: Piyush Goyal

The nation’s wheat exports are possible is cross 100 lakh tonnes (10 million tonnes) throughout 2022-23, attributable to rising demand for the commodity on the planet market, Commerce and Trade Minister Piyush Goyal stated on Sunday. The exports have crossed 70 lakh tonnes in 2021-22 (price over Rs 15,000 crore) as towards 21.55 lakh tonnes (over Rs 4,000 crore) in 2020-21.

It was solely two lakh tonnes (Rs 500 crore) in 2019-20.

The minister stated wheat exports have helped a number of international locations in assembly the necessities of meals safety.

“We’ll proceed to export wheat in a giant manner and meet the wants of the international locations that aren’t getting their provides from the battle areas, and my very own sense is that this time we’ll most likely exceed our wheat exports (of) over 100 lakh tonnes comfortably,” he instructed reporters right here.

Russia and Ukraine collectively account for nearly 1 / 4 of the worldwide wheat provide. Their wheat crop will mature in August and September this 12 months.

Farmers are centered on rising manufacturing additionally, and areas like Gujarat and Madhya Pradesh are exporting in a giant manner from final 12 months, he added.

India is in closing talks to begin wheat export to Egypt, whereas discussions are occurring with international locations like China, Turkey, China and Iran to start the outbound shipments of the commodity.

Director-Common of Overseas Commerce (DGFT) Santosh Kumar Sarangi stated that there’s additionally an effort on the a part of the departments of commerce and meals and public distribution to facilitate exports from different ports.

Most exports are routed via Kandla port.

Discussions are on with railways for facilitation of wheat exports from totally different ports, equivalent to Vizag, Kakinada, and Nhava Sheva, Sarangi added.

India exports wheat 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 equivalent to Yemen, Afghanistan, Qatar and Indonesia.

Wheat exports to Bangladesh have crossed 3.5 million tonnes in 2021-22.

The highest ten importing international locations for Indian wheat in 2020-21 have been Bangladesh, Nepal, United Arab Emirates, Sri Lanka, Yemen, Afghanistan, Qatar, Indonesia, Oman and Malaysia.

India accounts for even lower than 1 per cent of world wheat export. Nonetheless, 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. It had contributed round 14.14 per cent of the world’s 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. Main wheat rising states in India are Uttar Pradesh, Punjab, Haryana, Madhya Pradesh, Rajasthan, Bihar and Gujarat.

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