NEW DELHI: 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.
"The Indian market has sufficient stocks, and India is in a comfortable position to meet requests from wheat importing countries," Sudhanshu Pandey, the most senior civil servant at the Ministry of Consumer Affairs, Food and Public Distribution, told Reuters in an interview.
India's new season wheat harvest is underway, with this year's production pegged at a record 111.32 million tonnes - making it the sixth season in a row that the country has produced a surplus.
Read more at: https://economictimes.indiatimes.com/small-biz/trade/exports/insights/record-wheat-crop-high-stocks-to-help-india-meet-rising-global-demand/articleshow/90791149.cms
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