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Home > All news > Shipping > India acts to seize gap in wheat export market left by Ukraine war

India acts to seize gap in wheat export market left by Ukraine war

March 17, 2022
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NEW DELHI: India is rolling out ambitious measures over the coming weeks to try to establish the country as a dominant exporter of high-quality wheat as importers scramble for supplies following Russia's invasion of Ukraine, two government sources said.
The measures, which should be implemented over the course of around two weeks, include ensuring government-approved laboratories test the quality of wheat for export, making extra rail wagons available for transport and working with port authorities to give priority to wheat exports.
India, the world's biggest wheat producer after China, has been pursuing deals to export wheat and take advantage of surplus stocks at home and a sharp rise in global prices.
It sees the disruption caused by the conflict involving Russia, the world's largest wheat exporter and Ukraine, another leading supplier, as an opportunity to sell its wheat on the world market.
Despite surplus wheat stocks, logistical bottlenecks and quality concerns have previously stymied India's efforts to sell large volumes on the world market. Exports picked up last year to reach 6.12 million tonnes of wheat from 1.12 million tonnes a year earlier. The government sources were quoted in Reuters saying the new measures could result in the export of 10 million tonnes of wheat after the new season harvest begins later this month.
They said the changes follow extensive consultations with ministries, state governments, port and railway authorities, export promotion bodies and big export houses.
Prime Minister Narendra Modi's administration is keen to help farmers and traders export higher-quality grain to show global buyers that India can provide a steady supply of high-protein wheat, the sources said. 
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