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India's Wheat Exports Increase from Russia-Ukraine Crisis

Country is on track to export a record 7 million tonnes this year

PIXABAY
PIXABAY

Russia’s invasion of Ukraine could make India a prominent wheat exporter on the world stage, reports Quartz India.

Since the full-scale war was launched on February 22, Ukranian ports have halted commercial activity, and Russia’s wheat exports have come to a standstill.

Given the uncertainty, demand could shift to India, according to Nitin Gupta, vice-president at Olam Agro India. The country is on track to export a record 7 million tonnes this year.

Asian countries such as the Philippines, Bangladesh, South Korea, Sri Lanka, and the UAE are among the main buyers of Indian wheat. Others — Lebanon, for one — are also turning to India.

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