January 3, 2023

India's wheat exports 30% up to US$1.5 billion between April to November 2022

India's Ministry of Commerce and Industry said wheat exports jumped 29.29% to US$1.5 billion between April to November 2022, compared to US$1.17 billion in the same period in 2021, Hellenic Shipping News reported.

Even though India banned wheat exports in May, some shipments are still permitted to satisfy the requests of the countries in need of it for food security.

The ministry said wheat exports has registered an increase of 29.29% in the first eight months of the current fiscal, rising to US$1.508 billion in April to November 2022 from US$1.166 billion in April to November 2021.

In the first eight months of the current fiscal year, exports of agricultural and processed food products increased by 16% to US$17.43 billion.

The ministry said an export goal of US$23.56 billion for agricultural and processed food products has been set for the fiscal years 2022–2023, and US$17.435 billion has already been reached in the first eight months of the current fiscal year.

India's exports of dairy products increased by 33.77%, from US$315 million in April to November 2021 to US$421 million in April to November 2022.

-      Hellenic Shipping News