India wants to replace Russia and Ukraine in wheat imports to Azerbaijan
The Indian Ministry of Commerce has decided to apply to 30 countries, including Azerbaijan, for wheat exports.
This was reported by the Indian media.
A high-ranking government official said that, India is one of the world’s top 30 wheat importers Russia and It intends to replace Ukraine.
This is from 30 countries 10-15-i Russia and Ukraine Along with wheat, they are already existing customers of Indian wheat. However, India’s share Russia and ya Ukraine compared to the total volume of imports. In addition, Russia for decades and Ukraine more than being the exclusive buyer of wheat 10There are 15 countries. Indian government deals and or watching them closely to increase exports through private channels. This list includes Azerbaijan, Egypt, Syria, Morocco, Turkey, Sudan, Italy, Yemen, Greece and These include Northeast African countries that rarely buy Indian wheat.
“Our goal is not just to reach short-term agreements during the current crisis, but Russia and To be a reliable long-term supplier of quality wheat in the markets dominated by Ukrainian wheat. We are not looking at short-term gains, but we will use this opportunity to build long-term relationships with major wheat importing countries. ” and Processed Food Madhayyan Angamutu, chairman of the Office of Export Development (APEDA), said.
The largest importers of wheat are Egypt, Indonesia, Turkey, China, Nigeria, Italy, Algeria, Philippines, Japan, Morocco, Brazil, Bangladesh, South Korea, the Netherlands. and It’s Spain. India has only 5 countries – Bangladesh, Indonesia, the Philippines and Nigeria and Available in the Japanese market.
Russia and Due to the war in Ukraine, India has significant opportunities to expand its base among major wheat importing countries, as restrictions on supplies from the two countries are expected for several months.
A few days after the Russian crisis, the price of Indian wheat on world markets rose to $ 360 per ton. However, in the last few days, prices have stabilized somewhat 330-340 US dollars per ton dollars(FOB). The current price of Indian wheat is still the cheapest among global competitors (where prices for some varieties have even reached $ 400 per ton).
Ukraine over the next few months and Russia’s absence from world markets will give Indian traders a golden chance to ship a record amount of goods.
India is expected to produce a record 111 million tons of wheat in 2022-2023 (April 2022 to March 2023) that, This is about 2 million tons more than this year.
Recall that, of this year January Azerbaijan in the month of Russia only and He bought food wheat from Kazakhstan. The total volume of wheat imports is 93,704.52 tons, and the value is 32.475 million US dollars dollarsformed.