Due to increased demand for the commodity on the global market, the country’s wheat exports are expected to surpass 100 lakh tonnes (10 million tonnes) in 2022-23, according to Commerce and Industry Minister Piyush Goyal. In 2021-22, exports exceeded 70 lakh tonnes (value over Rs 15,000 crore), compared to 21.55 lakh tonnes (worth over Rs 4,000 crore) in 2020-21. In 2019-20, it was barely two lakh tonnes (Rs 500 crore). Wheat exports, according to the ministry, have aided other countries in satisfying their food security needs.
”We will continue to export wheat in a big way and meet the needs of the countries that are not getting their supplies from the conflict areas, and my own sense is that this time we will probably exceed our wheat exports (of) over 100 lakh tonnes comfortably,” he told. Russia and Ukraine together account for almost a quarter of the global wheat supply. Their wheat crop will mature in August and September this year. India is in final talks to start wheat export to Egypt, while discussions are going on with countries like China, Turkey, China and Iran to begin the outbound shipments of the commodity.