Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
India may allow wheat exports to Indonesia in exchange for palm oil.
Jun 14, 2022
India may permit export of wheat to meet Indonesia’s food grain demand through an arrangement where the Southeast Asian nation supplies palm oil without any interruption at a competitive rate to address India’s concerns over shortage of edible oil, one of the key factors powering inflation, two people aware of the matter said, asking not to be named.
Although India has banned export of wheat last month to assure its adequate availability domestically even as global wheat prices have skyrocketed due to supply concerns, it has kept the option of exports open though government-to-government (G2G) deals, the two added.
India imposed a ban on wheat exports on May 13 'with immediate effect' . Indonesia’s ban on palm oil exports in April 28 lasted for three weeks. Palm oil, inexpensive when compared to other edible oils, is a preferred cooking medium in India.In 2020-21, India imported 133.5 lakh tonnes of edible oil, out of which the share of palm oil was around 56%.
While again allowing exports on May 23 amid domestic protests, Jakarta has now put in place several safeguards, and there is no guarantee that the ban will not return, they said.
Indonesia is keen on importing Indian wheat, which is possible only through a G2G deal according to Directorate General of Foreign Trade’s (DGFT) notification on May 13, one of the two people said.
Jakarta’s ban on palm oil exports ( Indonesia accounts for about one-third of all vegetable oil exports) majorly impacted Bangladesh, Pakistan and India resulting in a significant price rise of edible oil, the second person added.
'Even though Indonesia has eased exports of palm oil, a G2G deal may ensure that there will be no sudden disruption in supply of the edible oil to India even in future. Besides it may also ensure a competitive rate,' this person explained.
'The government’s top priority is to ensure assured and adequate supply of essential food items such as edible oil to calm the inflation,' the first person said.
The people cited above and experts said India is highly dependent on import of edible oil and it must secure a favourable supply contact with Indonesia because global geopolitical situation is uncertain and Ukraine war may prolong to push up food prices further.
India’s retail inflation surged to a 95-month high at 7.8% in April , which is well above RBI’s official upper tolerance level of 6% for the fourth consecutive months. For May, the headline number came in at 7.04%.
'The recent measures taken by the GoI (duty-free imports of 2 mn tonnes each of crude soyabean and sunflower oil for two years) and Indonesia’s decision to lift the ban on palm oil exports is expected to cool the prices of such items in the near-term. Nevertheless, persistent geopolitical developments and India’s high import reliance may prevent an appreciable correction in edible oil prices,' an ICRA report on retail inflation outlook said on Friday.
hindustantimes.com
Archive