India to continue wheat export for countries in serious need: Piyush Goyal
Shri Goyal highlighted that while a 7%-8% rise in wheat production was expected this year, severe heat waves led to early harvest and loss of production.
India to continue wheat export for countries in serious need: Piyush Goyal
New Delhi: India will continue to allow wheat export for countries that are in serious need, are friendly and have a letter of credit, said Shri Piyush Goyal, Union Minister for Consumer Affairs & Food and Public Distribution, Commerce & Industry, and Textiles while speaking at the World Economic Forum at Davos, Switzerland.
Shri Goyal highlighted that while a 7%-8% rise in wheat production was expected this year, severe heat waves led to early harvest and loss of production. “Given this situation, what we are producing is about enough for domestic consumption,” Shri Goyal added.
India was never a traditional player in the international wheat market and export of wheat only began about 2 years ago. Speaking at the World Economic Forum at Davos, Switzerland, Shri Piyush Goyal, Union Minister for Consumer Affairs & Food and Public Distribution, Commerce & Industry, and Textiles said that last year 7 LMT wheat was exported and majority was done within the last two months when the war between Russia-Ukraine developed.
“India wheat exports are less than 1% of world trade and our export regulation should not affect global markets. We continue to allow exports to vulnerable countries and neighbors,” the Minister said.
Read Also : SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)News Must Read
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
- REC Limited declares financial results, records highest ever annual net profit
- NHPC Limited to collaborate with Norwegian company
- NTPC Group installed capacity crosses 76GW solar power mark
- RITES completes glorious 50 years
- THDC and UJVNL Joint Venture, TUECO inks MoU with Nagar Nigam Haridwar
- Government Accords 'Navratna' Status to IREDA
- EIL and Mongol Refinery resumed external construction activities at Mongol Refinery Project site