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Trade

Requests from several countries for importing wheat from India are being processed at the government level

M Angamuthu, Chairman, APEDA, recently stated that the government’s move to restrict wheat exports last month has been primarily focussed on meeting domestic demand while protecting the farmers’ income.

Angamuthu said India has kept its wheat export options open for those developing countries to meet their food security needs after restriction on shipment of wheat was announced last month. Requests from several countries for importing wheat from India are being processed at the government level.

This year, wheat farmers have been immensely benefited in terms of procurement by the government’s agencies at Minimum Support Price (MSP) while a significant chunk of commodity has been sold to private trade at much above MSP.

The decision to ban wheat export was taken to ensure the availability of wheat for the domestic supply chain. Sudden spurt in exports in April created concern over domestic price stability and supply that prompted the government to take the ‘regulatory’ measure like restricting wheat export.

Keeping the interest of farmers as the top priority, the government allowed them to sell their wheat at higher prices at above MSP to private traders across several mandis besides procuring wheat at MSP across all the key grain growing states including Punjab, Haryana, Uttar Pradesh, Madhya Pradesh and Rajasthan.

The Government had regulated wheat export from May 13, 2022 which changed the market dynamics, preventing speculative wheat trading and cooled down the inflationary trend of the price of wheat and products made out of it in the domestic market.

Requests from several countries for importing wheat

AgroPolicy, Foodgrains, India

Piyush Goyal, Union Minister for Consumer Affairs & Food and Public Distribution, Commerce & Industry, and Textiles was speaking at the World Economic Forum at Davos, Switzerland.

India will continue to allow wheat export for countries which are in serious need, are friendly and have the letter of credit, said Piyush Goyal, Union Minister for Consumer Affairs & Food and Public Distribution, Commerce & Industry, and Textiles while speaking at the World Economic Forum at Davos, Switzerland.

 Goyal highlighted that while 7 per cent to 8 per cent rise in wheat production was expected this year, severe heat waves led to early harvest and loss of production. “Given this situation, what we are producing is about enough for domestic consumption,” Goyal added.

India was never a traditional player in the international wheat market and export of wheat only began about 2 years ago. Speaking at the World Economic Forum at Davos, Switzerland, Piyush Goyal, Union Minister for Consumer Affairs & Food and Public Distribution, Commerce & Industry, and Textiles said that last year 7 LMT wheat was exported and majority was done within the last two months when the war between Russia-Ukraine developed.

 “India wheat exports are less than 1 per cent of world trade and our export regulation should not affect global markets. We continue to allow exports to vulnerable countries and neighbors,” the Minister said.

Piyush Goyal, Union Minister for Consumer Affairs

Trade

The government also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port

The government of India has announced some relaxation to its order dated May 13, 2022, issued by Directorate General of Foreign Trade (DGFT), Department of Commerce on restricting wheat exports. It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to May 13, 2022, such consignments would be allowed to be exported.

The government also allowed a wheat consignment headed for Egypt, which was already under loading at the Kandla port. This followed a request by the Egyptian government to permit the wheat cargo being loaded at the Kandla port. M/s Mera International India, the company engaged for export of the wheat to Egypt, had also given a representation for completion of loading of 61,500 MT of wheat of which 44,340 MT of wheat had already been loaded and only 17,160 MT was left to be loaded. The government decided to permit the full consignment of 61,500 MT and allowed it to sail from Kandla to Egypt.

According to this order, this restriction would not apply in cases where prior commitments have been made by private trade through Letter of Credit as well as in situations where permission is granted by the Government of India to other countries to meet their food security needs and on the requests of their governments.

The government also allowed a wheat consignment

AgroPolicy

The meeting followed directions from the Ministry of Commerce & Industry to scale up shipments in order to alleviate any global supply chain disruptions in view of the geopolitical situation

Amidst a record surge in wheat exports in the current fiscal, the Agricultural and Processed Food Products Export Development Authority (APEDA) recently organised a meeting of key stakeholders in the value chain for promoting exports to those countries which have a huge shipment potential.

The meeting, held on March 17, 2022, followed directions from the Ministry of Commerce & Industry to scale up shipments in order to alleviate any global supply chain disruptions in view of the geopolitical situation.

The meeting was chaired by APEDA chairman Dr M Angamuthu and had participation of key stakeholders such as traders, exporters, port officials, policy influencers from the Ministries of Food & Consumer Affairs, Railways and officials from various State Governments.

The export of wheat recorded a huge surge at $1742 million during April-January 2021-22, growing 387 per cent over the corresponding period in 2020-21 when it touched $340.17 million.

India has reported a wheat export worth of $2352.22 million in the last three years, including the first ten months of current fiscal 2021-22. In 2019-20, the wheat export was worth $61.84 million which rose to $549.67 million in 2020-21.

India is in final talks to start wheat export to Egypt, while discussions are going on with countries like Turkey, China, Bosnia, Sudan, Nigeria, Iran, etc to start wheat export.

The meeting followed directions from the Ministry