DECODE – Government of India intends to export 10 million tons. Several countries are in the running.
Tunisia, Lebanon, Egypt… While the invasion of Ukraine never ends and Russia bows to Western sanctions, wheat shortages threaten Africa and the Middle East, which are being deprived of Russian and Ukrainian wheat. It is therefore not surprising that in recent days the Indian government has been approached by countries looking for alternatives.
“India is close to finalizing an agreement to export wheat to Egypt. Talks are ongoing with Turkey, China, Bosnia, Sudan, Nigeria, Iran…” the Commerce Department said in a March 19 statement. Tunisia, Lebanon, Israel, Morocco and South Africa would also be candidates.
A radical turn
The Government of India is targeting exports of at least 10 million tons in fiscal year 2022-2023, which ends on January 1stah April. A goal that goes far beyond the usual level. The country had exported an average of just 624,000 tons per year between 2016 and 2020. India is the second largest producer of…
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