Countries like Australia and India have responded with increased grain exports, but there's little room for others to immediately do the same, mainly due to recurrent drought, experts have said
Move follows rising global demand for Indian wheat due to the Russia-Ukraine crisis
India is in final talks to begin wheat exports to Egypt, while negotiations are also going on with countries such as China and Turkey, after Russia's invasion of Ukraine upended global supplies
Consumers may have to pay more for daily essential items with FMCG companies mulling another round of price hike to ease inflationary pressure on commodity prices of items such as wheat, palm oil
India is looking forward to starting wheat export to several new countries beyond its Asian/South Asian neighbours.
With two major wheat exporters locked in a war, the world is now looking for countries that can fill the void. Will India be able to rise to the occasion? Can it overcome the logistical bottlenecks?
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Will still be around 160% more than quantity required under buffer norms
Amid Russia-Ukraine crisis and sanctions on Russia, demand for Indian wheat and other commodities has risen. As these sanctions are unlikely to be lifted anytime soon, find out its impact on India
New crop trading at Rs 100-300/quintal above MSP in many MP, Gujarat markets
So far, wheat exports have crossed the historical high of 6.5 million tonnes achieved earlier in 2012-13 fiscal
Russia is the world's top wheat exporter and largest producer after China and India while Ukraine is among the top five wheat exporters worldwide.
Prices are heading for a record weekly gain of about 40%
India's wheat exports are likely to surge with a flurry of enquiries from buyers seeking alternatives to Black Sea shipments as Russia Ukraine war threatens to disrupt supplies from 2 major producers
The shipment was part of the commitment made by the government of India to supply 50,000 metric tonnes of wheat for the people of Afghanistan
Grain exports from Russia will probably be on hold for at least the next couple of weeks
This is 2.44% more than the purchases made during the current season; Punjab will contribute the maximum, at 13.2 million tonnes
Wheat and soybeans hit highest since 2012; corn jumps to eight-month peak
Ukraine and Russia account for about a quarter of the global trade in wheat, a fifth of corn sales, and 80% of worldwide sunflower oil exports.
India is likely to send on Tuesday its first shipment of 10,000 tonnes of wheat to the people of Afghanistan through Pakistani land routes after months of negotiations with Islamabad.