increasing demand in the world. India exporting at good profit.

Increasing demand in the world .. India exporting at good profit ..

India has set a target of exporting 10 million tonnes of wheat in the current financial year.

A committee has been set up on behalf of the central government for this.

The committee will work with the Ministry of Agriculture, the Ministry of Railways and the Ministry of Maritime Transport.

And in collaboration with all the State Governments will make all assistance for the export of wheat.

India exported seven million tonnes of wheat last year.

Its value is $ 2.05 billion.

 Half of this, or 50%, is exported to Bangladesh alone.

Wheat exports currently range from $ 370 to $ 380 a tonne.

This price is predicted to rise very quickly to $ 400 - $ 430.

The value of wheat exports we are going to make in the current financial year is estimated at $ 4 billion.

To this end, APEDA has set up a special committee to promote wheat export to high demand countries.

The committee will travel to Vietnam, Indonesia, the Philippines, Thailand, Turkey, Lebanon, Algeria, Tunisia, Egypt, and Morocco.

Ukraine and Russia are the two largest exporters and exporters of wheat.

These two countries meet 25 percent of world demand.

India has got that business opportunity as these countries are currently at war.

The Food Corporation of India has issued an important announcement.

It said there was no possibility of a domestic wheat shortage due to the increase in wheat exports.

The Food Corporation of India has advised that our country has three times the total wheat demand.

It also said that millions of tonnes of wheat are likely to reach the Food Corporation of India soon after harvest.

So we can export wheat without worrying about domestic price rise.

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