InvestorQ : Is it true that India will be exporting wheat to Egypt, replacing Ukraine and Russia?
Arti Chavan made post

Is it true that India will be exporting wheat to Egypt, replacing Ukraine and Russia?

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Rutuja Nigam answered.
2 months ago
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India is not exactly replacing Ukraine and Russia, the bread baskets of the world, but they are just chipping in due to the embargo on the Black Sea ports. Currently, India is in the final stage of discussions with Egypt to start wheat exports to from India. Incidentally, Egypt has been traditionally been one of the biggest importers of wheat from Ukraine and Russia, which account of over 30% of wheat and sunflower seed exports to the world.

India is additionally also in talks with Turkey, China, Sudan, Nigeria and Iran to bridge their wheat import shortfall due to the Russia Ukraine war. To begin with, the Railways has assured to make sufficient rakes available to meet wheat demand and smooth out the logistic challenges. India produces nearly 15% of global wheat output but its share in wheat exports is just about 0.54%. India has been trying to correct this imbalance.

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