India in talks with Egypt, China, others to export wheat

India in talks with Egypt, China, others to export wheat

New Delhi: India is in talks with countries like Egypt, Turkey, China, Bosnia, Sudan, Nigeria, Iran and other countries beyond its Asian and South Asian neighbours, to export wheat. According to the Ministry of Commerce and Industry, 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 and others to start wheat export. The export of wheat recorded a huge surge at $1,742 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 $2,352.22 million in the last three years, including the first ten months of the current fiscal 2021-22. In 2019-20, the wheat export was worth $61.84 million which rose to $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 has surpassed that of other countries, indicating the rapid strides it is taking in reaching new markets worldwide. India's wheat exports are mainly to neighbouring countries with Bangladesh having the largest share of more than 54 per cent in both volume and value