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
In a first, Turkey places orders for 50,000-tonne Indian wheat.
May 11, 2022
For the first time Turkey has placed orders for 50,000 tonnes of wheat imports from India joining Egypt. While this will benefit farmers in India, it will further push up wheat prices in the country, which have already surged by up to 15% in recent weeks.
Wheat prices shot up as Indian wheat is in demand in the global markets after exports from Ukraine came to a grinding halt due to the Russia-Ukraine war. Ukraine produces about a fifth of the world's high grade wheat and 7% of all wheat. A large quantity of wheat bought by private traders in India from farmers are at a price higher than the minimum support price as international prices rallied due to the Russia- Ukraine war. They are creating an inventory anticipating good export orders from the global markets.
The unusual heatwave in March in India has seen yield of wheat crop fall, which too has contributed to the price rise.
Turkey has started to buy wheat through private electronic-mandi.
Sources in the ministry said Turkey agreed to import India's wheat last week. A delegation of Agricultural and Processed Food Products Export Development Authority (APEDA) visited the country to facilitate the process.
Following this, electronic mandi AgriBazaar has received a confirmed order for execution of 50,000 metric tonnes of wheat from Turkey at an approximate value of Rs.125 crore.
'We cannot divulge the name of the buyer and seller due to a confidentiality clause. Similar enquiries from Egypt, Indonesia and other Middle East countries are currently being received and are being negotiated on our e-platform,' said Amith Agarwal, CEO, AgriBazaar.
Due to efforts of the government, several countries have given market access to India, said Sudhanshu Pandey, secretary at the Ministry of Consumer Affairs, Food and Public Distribution, last week at a briefing.
Many countries have already approached India for wheat imports, including Egypt, Israel, Oman, Nigeria and South Africa.
In 2021-22 Indian wheat exports soared to 7.215 MT from 2.155 MT in the last financial year. It is expected to grow higher with 4MT already contracted for the first quarter of FY 23.
However, the estimate on production has been cut to 105 million tonnes from 111.3 million tonnes with the government expecting to procure half of its original estimate of 44.4 million tonnes. A sharp and sudden rise in temperatures in mid-March reduced the crop yield in the world's second-biggest producer of the grain.
India is the second biggest producer of rice and wheat.
economictimes.indiatimes.com
Archive