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BSS
  25 May 2022, 21:16
Update : 25 May 2022, 22:14

India to continue wheat export for neighbouring countries 

NEW DELHI, May 25, 2022 (BSS) - India will continue to allow wheat export to 
vulnerable and neighbouring states and the countries, which are in serious 
need, said Indian Commerce Minister Piyush Goyal.

Speaking at the World Economic Forum at Davos in Switzerland, he said, "India 
wheat exports are less than 1 percent of world trade and our export 
regulation should not affect global markets".

According to an Indian Commerce ministry statement issued here today, the 
minister said India will continue to allow wheat export for countries which 
are in serious need, friendly and have the letter of credit.

Goyal highlighted that while 7%-8% 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," he added.

The minister said India was never a traditional player in the international 
wheat market and export of wheat only began about two years ago. 

"Last year 7LMT wheat was exported and majority was done within the last two 
months when the war between Russia-Ukraine developed", he added.


 

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