File photo
5 countries, including Bangladesh, have requested India to
export wheat. An Indian government official has given the information,
according to a report in the Indian media Live Mint.
India banned wheat exports on May 13 due to rising prices in
the world market. However, India left open the option of supplying wheat at the
government level (GTG) with neighboring countries and countries which are in
acute crisis.
"India has received requests from Indonesia, Oman, the
United Arab Emirates, Bangladesh and Yemen following the imposition of export
sanctions," the Mint report quoted the Indian official as saying. The
wheat requirement of these countries and the quantity of wheat in India is
being assessed. '
According to the report, trade experts believe that
Bangladesh could import more wheat from India.
According to Indian government sources, wheat imports from
Russia amounted to 100 million by 2020. At that time, Bangladesh imported wheat
from Ukraine worth 618 million.
According to India's Directorate General of Commercial
Intelligence and Statistics (DGCIS), India exported wheat worth about 1 billion
to Bangladesh in 2021-22.
According to the report, one of the reasons for the demand
of these countries is that the price of wheat in India is lower than other
countries. According to the Indian Ministry of Consumer Affairs, Food and
Public Distribution, Indian wheat is being sold at about 40 percent lower than
the international price.
According to the Live Mint, Indonesia imported more than 540
million worth of wheat from Ukraine in 2020. In 2021-22, India exported wheat
worth about 1.5 billion to Southeast Asia.
According to a Reuters report, India exported a record 1.4
million tonnes of wheat in April and an agreement was signed in May for another
1.5 million tonnes.
|Source: Online/SZK
Comment Now