India allows small export of wheat after ban
This is information released by government officials and Indian industry representatives.
Shipments wheat allowed to export mainly to Bangladesh, Philippines, Tanzania and Malaysia. An Indian government official said that the ban has caused export wheat of India fell to 1.13 million tonnes in May, from a record 1.46 million tonnes in April.
India, the world’s second-biggest wheat producer, imposed a general ban on wheat exports on May 14 as a severe heatwave slashed wheat production and pushed domestic prices to high. record high.
Exceptions allowed for wheat exports include shipments supported by issued letters of credit and shipments to countries that require supplies to meet urgent food security needs. their.
However, even after the said wheat is shipped, at least 1.7 million tonnes are still piled up at various ports in India, three agents of global trading companies told the news agency. Reuters.
Before the ban, wheat exporters shipped unusually large volumes of the commodity to many Indian ports, because the following crop was expected to increase sharply in output. In addition, the Indian government is encouraging to replace the supply of wheat in the Black Sea, which has been drastically reduced because of the war in Ukraine.
They expect New Delhi to allow wheat exports of 8 to 10 million tonnes or even more this year, compared with 7.2 million tonnes in 2021.
The Indian government needs to issue an export license immediately, as the wheat at ports is loosely packed and therefore vulnerable to monsoon rains, said an agent of a global trading company based in the UK. headquarters in New Delhi said.
India receives heavy rainfall during the monsoon season from June to September.
“The government bans wheat exports to ensure food security in the country, but if the stockpiles are damaged by rain, it won’t serve any purpose,” the agent said.
The Mumbai-based agent said it was not feasible to move wheat back to ports and into inland towns for local consumption, as traders would have to incur additional losses in handling and handling fees. transport.
India has received requests to supply more than 1.5 million tonnes of wheat from several countries facing food shortages.
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