NEW DELHI: Amidst a record surge in wheat exports in the current fiscal, the Agricultural and Processed Food Products Export Development Authority (APEDA) recently organized 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.
Recent 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.
At the meeting, the Railways assured to make available sufficient rakes to meet any immediate demand for additional wheat transport. Port authorities have also been asked to augment dedicated terminals along with dedicated containers for wheat.
Given the bumper wheat production estimation, the APEDA has asked all stakeholders to strengthen its infrastructure for facilitating hassle free wheat export.
The export of wheat recorded a huge surge at USD 1742 million during April-January 2021-22, growing 387 per cent over the corresponding period in 2020-21 when it touched USD 340.17 million.
India has reported a wheat export worth of USD 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 USD 61.84 million which rose to USD 549.67 million in 2020-21.
Though India is not among the top ten wheat exporters in the global trade, its rate of growth in exports have surpassed that of other countries, indicating the rapid strides it is taking in reaching new markets worldwide.
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.
