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Egypt has approved Indian Wheat for Import

Tags: International Relations Economics/Business

Egypt, the world’s largest importer of wheat in the world, has approved India as one of its suppliers . An Egyptian team was on a visit to India which  checked the  quarantine facilities in India following complaints of Indian wheat containing the “karnal bunt” disease. The teams visited fields in Madhya Pradesh, UP, and Punjab.

  • Madhya Pradesh is the largest supplier of wheat for export purposes in India .

  •  The Union Commerce  Minister Piyush Goyal  said on 15 April 2022 that  Egypt is expected to purchase around 3 million tonnes of wheat from India. Of that, about 240,000 tonnes will be shipped in April. However, this is a small proportion of the annual wheat purchases by the African nation, which buys 11-12 million tonnes from Russia, Ukraine, and other countries in a year.

  • Russia was the largest exporter of Wheat in the world and Ukraine was the fifth largest exporter . Due to the Russia -Ukraine war the wheat supply in the International market has been disrupted 

  • Egypt which normally used to buy wheat from Russia and Ukraine is  looking for a new source of wheat imports..

Wheat Export Target .

  • The government of India has set a target to export 10 million tonnes of wheat from India in 2022-23 .

  • The total wheat export from India in 2021-22 was $ 2.119 billion showing a growth of 273%as compared to last year.

The top wheat Importing countries in the world in 2020

  • Egypt : It imported $2.69 billion  worth of wheat 

  • Indonesia :  It imported $2.61 billion  worth of wheat 

  • Turkey : It imported $2.33 billion  worth of wheat 

  • China : It imported $2.26 billion  worth of wheat 

Source : APEDA(Agricultural and Processed Food Products Export Development Authority )

For detail kindly see 7 April and 4 April and 5 March post :- 

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