An official delegation from Egypt, one of the world’s largest wheat importers, will arrive in India on Monday to explore the possibility of sourcing grain from India to meet domestic demand. Egyptian agricultural quarantine and pest risk analysis officials will visit processing units, port facilities and farms in Maharashtra, Madhya Pradesh and Punjab during their five-day visit. Egypt imported 6.1 million tonnes (mt) of wheat in 2021.
According to sources, Egypt, which imported nearly 81% of its wheat imports from Russia and Ukraine in 2021, has informed Indian authorities that it wants to buy a significant amount of wheat from India. India is not on the list of countries authorized to export wheat to Egypt.
The Agricultural and Processed Food Products Export Development Authority (APEDA) has informed Indian wheat exporters that they must register with Egypt’s public procurement agency, the General Supply and Commodities Authority. base, which oversees imports of wheat and sugar into the North African country.
According to sources, in response to Egypt’s clarification, India said that ergot disease of wheat has not been reported anywhere in the country.
The Egyptian delegation’s visit to India will come after trade talks and meetings with various wheat-importing countries that are seeking alternative sources of grain as supplies have been cut off due to the Russian-Ukrainian conflict. In response to growing global demand, India plans to export a record 10 million tonnes of wheat in 2022-23.
“We will send a trade delegation to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon to explore the possibility of increasing wheat exports from India,” declared Mr. Angamuthu, president of APEDA.
Meanwhile, the Andhra Pradesh Maritime Board, which operates the Kakinada anchor port, which is mainly used for rice exports, communicated that the facility could also be used for wheat exports. Due to its proximity to the ports of Kandla and Mundra, Madhya Pradesh currently accounts for the majority of India’s wheat exports.
According to estimates by the Directorate General of Foreign Trade, India exported a record 7 million tonnes of wheat in 2021-22, worth $2.05 billion. In the previous fiscal year, about half of the wheat was exported to Bangladesh.
Over the past decade, India has been the world’s largest rice exporter, with export earnings reaching a record $9.6 billion in 2021-22. However, until 2020-2021, the country was a minor player in the global wheat trade.
APEDA, which falls under the Ministry of Commerce, has formed a wheat export task force made up of representatives from various ministries, including commerce, shipping and railways, as well as exporters.
Current Food Corporation of India wheat stocks are about three times the buffer standard, and ongoing rabi purchases will help bolster stocks. As of April 1, FCI had more than 23 tonnes of wheat stocks, against a buffer standard of 7 tonnes.
Due to the possibility of increased exports, government agencies are expected to buy around 33 tons of wheat from farmers during the supply season (April-June) for the 2022-23 marketing session, against a target of 44 tons. .