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Wheat export push under cloud as procurement drops by over 35% till Apr 24

Production too is estimated to be lower than the earlier projection of 111 million tonnes

wheat production
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Photo: Bloomberg

Sanjeeb Mukherjee New Delhi
India may have to reconsider its decision to push wheat exports in a big way once the threshold of 6-7 million tonnes is breached, trade sources said.
This is needed to prevent a sharp escalation in flour prices, triggered by a drop in procurement and estimates of lower-than-expected production, they added.
According to official channels, wheat procurement in the 2022-23 marketing year is estimated to be around 13.69 million tonnes till April 24, a sharp 35 per cent drop from the same period last year.
Wheat arrival in mandis is also almost 20 per cent less than last year. (see chart).
These revised export

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First Published: Apr 25 2022 | 7:55 PM IST

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