Page 7 - Wheat Export News Today

An outfit representing agriculture-based businesses said on Monday that about 5,000 trucks laden with the commodity and sent by Madhya Pradesh traders for overseas shipments are stuck at two major ports of the country due to the move.

NEW DELHI—India on Sunday said it would keep a window open to export wheat to food-deficit countries at ...

India's ban on wheat export will not prevent export to neighbouring countries and countries that might wish to procure the current produce to supplement their domestic food security policies, at the request of their governments, said a Indian High Commission statement.

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India accounts for 13.53% of global wheat production, making it the second-largest producer of the crop after Russia.

The country will not face a food shortage and India's restriction on wheat export will not affect Bangladesh, Food Minister Sadhan Chandra Majumder says.

Officials say that following procurement of the ongoing local harvest, Egyptian wheat reserves would be sufficient until the end of the year, reports Reuters.  

Exports would be allowed only in case of shipments where irrevocable Letter of Credit (LoC) has been issued on or before May 13.

India has prohibited wheat exports with immediate effect to check soaring inflation, the government said on Friday.

Officials said that the wheat export window will remain open for neighbours and countries actually facing food security threats, adding that the export ban could be lifted if the wheat production estimates improve