{"id":25947,"date":"2022-02-24T18:11:09","date_gmt":"2022-02-24T12:41:09","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-ukraine-wheat\/"},"modified":"2022-02-24T18:18:51","modified_gmt":"2022-02-24T12:48:51","slug":"biz-ukraine-wheat","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ukraine-wheat\/","title":{"rendered":"Russia, Ukraine crisis might give India opportunity to export more wheat"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2920976683\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p> New Delhi, Feb 24 (PTI) The Russia-Ukraine crisis might give India an opportunity to export more wheat in the global markets and domestic exporters should tap this opportunity, sources said on Thursday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3853607169\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p> India&#8217;s central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs, they said.<\/p>\n<p> More than a quarter of the world&#8217;s wheat export comes from Russia and Ukraine.<\/p>\n<p> Russia is the world&#8217;s largest exporter of wheat, accounting for more than 18 per cent of international exports.<\/p><div class=\"trade-content_5\" id=\"trade-2341465869\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> In 2019, Russia and Ukraine together exported more than a quarter (25.4 per cent) of the world&#8217;s wheat.<\/p>\n<p> Egypt, Turkey and Bangladesh bought more than half of Russia&#8217;s wheat, they said.<\/p>\n<p> Egypt is the world&#8217;s biggest importer of wheat. It spends more than USD 4 billion annually to feed its population of over 100 million. Russia and Ukraine cover more than 70 per cent of Egypt&#8217;s imported wheat demand.<\/p>\n<p> Turkey is also a big spender on Russian and Ukrainian wheat with 74 per cent of its imports worth USD 1.6 billion coming from those two countries in 2019.<\/p>\n<p> &#8220;The crisis in Ukraine may give India an opportunity to export more wheat, provided we ship out more, as our central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs,&#8221; the sources added.<\/p>\n<p> India&#8217;s biggest item of import from Ukraine is animal and vegetable fats and oils.<\/p><div class=\"trade-content-10\" id=\"trade-1107256943\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p> &#8220;But, the the current situation will not adversely impact India&#8217;s trade position as the share of this commodity out of India&#8217;s total imports of this item from across the world stands at only 10 per cent,&#8221; one of the sources said.<\/p>\n<p> Top-five countries that exported the highest dollar value worth of wheat include Russia (USD 7.9 billion), United States (USD 6.32 billion), Canada (USD 6.3 billion),\u00a0 France (USD 4.5 billion) and Ukraine (3.6 billion). PTI RR ANZ  HRS hrs<\/p>\n<div class=\"trade-after-content\" id=\"trade-288619961\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Feb 24 (PTI) The Russia-Ukraine crisis might give India an opportunity to export more wheat in the global markets and domestic exporters should tap this opportunity, sources said on Thursday. India&#8217;s central pool stood at 24.2 million tonnes, twice more than the buffer and strategic needs, they said. More than a quarter of [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1697,31],"tags":[],"class_list":["post-25947","post","type-post","status-publish","format-standard","hentry","category-economy","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Russia, Ukraine crisis might give India opportunity to export more wheat - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ukraine-wheat\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia, Ukraine crisis might give India opportunity to export more wheat\" \/>\n<meta property=\"og:description\" content=\"New Delhi, Feb 24 (PTI) The Russia-Ukraine crisis might give India an opportunity to export more wheat in the global markets and domestic exporters should tap this opportunity, sources said on Thursday. 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