Egypt approves India as wheat supplier
Egypt, which is one of the largest importers of wheat from Ukraine and Russia, has approved India as a wheat supplier.
Egypt is likely to lift about one million tonnes of wheat from India, of which 240,000 tonnes will be shipped in April itself.
Export was approved after a rigorous process of field visits and checks in quarantine facilities in India by Egyptian authorities.
The teams visited wheat fields in Madhya Pradesh, UP and Punjab to check for themselves the quality of wheat produced in India.
India aims to export 10-11 million tonnes of wheat in FY23 due to the surge in global demand following the Russia-Ukraine crisis.
India’s wheat export
India's wheat exports rose to $1.74 billion in April-January 2021-22 as against $340.17 million in the same period last year.
In 2019-20, wheat exports were worth USD 61.84 million, which rose to USD 549.67 million in 2020-21.
India's wheat exports are mainly to neighbouring countries with Bangladesh having the largest share of more than 54 percent.
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