Bumper harvests and overflowing grain bins will help India to meet wheat import needs of the world's top buyers as Russia's Ukraine invasion hits supplies from the Black Sea region, a top government official said.
India, the world's second biggest wheat producer, is prepared to meet any extra demand for wheat from buyers in south Asia and Southeast Asia, and also from countries further afield in Europe, West Asia and North Africa. Ukraine is a major producer of grains but exports have been disrupted since the Russian invasion in February.
"We have to meet our own requirement for the PDS and then the rest is available for global exports," Pandey said referring to the public distribution system, or food welfare programme that supplies around 25 millions tonnes of subsidised wheat to the poor. Wheat stocks at government warehouses totalled 19 million tonnes on April 1, he said, significantly higher than a target of 7.46 million tonnes.
India's wheat exports hit 7.85 million tonnes in the fiscal year to March, an all-time high and a sharp increase from 2.1 million tonnes in the previous year.Pandey said India's sugar exports are expected at a record 8.2 million tonnes in the current 2021-22 season, higher than last year's 7.2 million tonnes.Still, India's sugar inventories on Oct. 1, 2022, when the next season begins, are expected at around 7 million tonnes, Pandey said, against 8.2 million tonnes on Oct.
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