Wednesday, March 16, 2022

"India Acts To Seize Gap In Wheat Export Market Left By Ukraine War"

This is the sort of thing I was referring to in Monday's "Who Imports Wheat?":

After all these years I still have trouble wrapping my head around the fact that India is the #1 rice exporter in the world and a top 10 wheat exporter....
From Reuters via Hellenic Shipping News, March 17:

India is rolling out measures to help the country become a major exporter of high-quality wheat as importers scramble for supplies after Russia’s invasion of Ukraine, two government sources said.

Steps to be implemented over about two weeks include ensuring government-approved laboratories test the quality of wheat for export, making extra rail wagons available for transport and working with port authorities to give priority to wheat exports, the sources said.

India, the world’s biggest wheat producer after China, has been pursuing deals to export wheat and take advantage of surplus stocks at home and a sharp rise in global prices.

It sees the disruption caused by the conflict involving Russia, the world’s largest wheat exporter and Ukraine, another leading supplier, as an opportunity to sell its wheat on the world market.

Despite surplus wheat stocks, logistical bottlenecks and quality concerns have previously stymied India’s efforts to sell large volumes on the world market....

....MUCH MORE

And speaking of supply shifting around, from Queensland Country Life, March 13: 

Demand for Australian grain surges with Black Sea war