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India Exported 66.41 Lakh Tonnes Of Wheat In The First 11 Months Of Financial Year 2021-22

India Wheat Exports Market: It is having a deep impact...

India Wheat Exports Market: It is having a deep impact internationally after the ban on export of wheat to control the rising prices domestically in the country. The Directorate General of Foreign Trade (DGFT) has said that the export of wheat will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments. The ban on India’s wheat exports has led to a rise in international prices. In the same country, a drop in prices has been registered at the local level.

How much wheat does India export to the world?

India’s decision to ban wheat exports is also being criticized. Agriculture ministers of G-7 countries have strongly criticized this decision of India. In such a situation, it becomes necessary to know where India stands in terms of wheat exports, how many lakh tonnes of wheat it exports to the world. According to the portal of the Department of Commerce, Government of India, the country exported 66.41 lakh tonnes of wheat in the first 11 months (April 2021 to February 2022) of the financial year 2021-22.

Total export of 72.15 lakh tonnes of wheat in 2021-22

This data is in line with the latest US Department of Agriculture report for May 2022. Wheat exports from India are estimated at 10 million metric tonnes in the 12 months from July 2021 to June 2022. The total global wheat exports during this period are estimated to be 201.5 million metric tonnes. In the current financial year from April 2022 to March 2023, the Government of India estimates that around 45 lakh metric tonnes of wheat has been contracted for export. In the year 2020-21, 21.55 lakh tonnes of wheat has been exported. In the same year 2021-22, a total of 72.15 lakh tonnes of wheat has been exported.

To which countries did India export how much wheat?

In April 2022 alone, 14.63 lakh metric tonnes were exported from India, which is much higher than 2.43 lakh metric tonnes in the same month last year. Apart from this, 95,167 MT of flour has been exported in April this year which is almost four times more than 25,566 MT in April 2021. Bangladesh is considered to be the largest buyer of Indian wheat. Apart from this, Sri Lanka, United Arab Emirates, Indonesia, Philippines, Sri Lanka and Nepal are among the major importers of Indian wheat.

India’s wheat exports in the year 2021-22

  • Bangladesh – 38.04 lakh tonnes
  • UAE – 4.24 lakh tonnes
  • Indonesia – 3.66 mt
  • Sri Lanka – 5.48 mt
  • Philippines – 3.52 mt
  • Nepal – 2.90 lakh tonnes

effect of export ban

According to research analysts, the impact of India’s export ban is believed to be felt unequally by low-income developing countries. According to Nomura Global Markets Research, economies of most Asian countries, except India and Australia, depend on imported wheat for domestic consumption and are at risk from higher global wheat prices. Indian wheat feeds crores of people. Large population of the world is dependent on Indian wheat to satisfy their hunger.

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