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.
