India’s wheat exports to reach record high this fiscal on rising demand
India’s wheat exports are likely to rise to a record high of between 6.5 million tonnes (mt) and seven mt this fiscal on the back of good demand for countries in South Asia and South-East Asia regions.
“We have exported 4.5 mt of wheat by December. We are exporting 5-6 lakh tonnes of wheat every month and this leaves a possibility of additional shipments of 1.5-2 mt. Exports could be 6.5-7 mt,” said Nitin Gupta, Vice-President, Rice and Grains, Olam Agro India Ltd.
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