India on Tuesday clarified that it’ll not resume the export of wheat until it feels the country is comfy with home provides. Food Corporation of India chief Ashok Ok Meena asserted that wheat manufacturing won’t be affected due to current rains and added the country is assured of reaching the output goal.
“Wheat procurement has started across the country, and 10,727 tonnes procured in Madhya Pradesh so far,” Meena mentioned.
Notably, New Delhi remained the second largest producer of wheat however had banned the export amid a surge in costs following the Russia-Ukraine struggle final yr. However, this too didn’t calm down the costs throughout the country due to excessive heatwaves.
India’s wheat exports stood at an all-time excessive of seven million tonnes, valuing USD 2.05 billion, in 2021-22 fiscal yr on higher demand for Indian wheat from abroad. Of the entire wheat exports, round 50 per cent of shipments had been exported to Bangladesh within the final fiscal.
(With inputs from company)
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