Booming Indian wheat exports ease shortage
While India has tended to ship wheat mostly to neighbouring countries such as Bangladesh and to some Middle Eastern markets, exporters are now likely to find buyers across Africa and in other areas of the Middle Eastern region.
India’s warehouses are brimming over with grain and the country’s farmers are gearing up for yet another record harvest.
The country is the top global producer of wheat after China and has the potential to ship 12 million tonnes to the world market in 2022-23, the most on record, according to the median of five estimates in a Bloomberg survey of traders, millers and analysts.Â
