Wheat exports hit record 7.85 million tonnes in FY22, say traders

India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government, which is yet to issue wheat shipment data for the last 10 days of March

India’s wheat exports hit 7.85 million tonnes (mt) in the fiscal year to March, an all-time high and a sharp increase from 2.1 mt in the previous year, traders said, as Russia’s invasion of Ukraine cuts off rival Black Sea supplies.

Earlier this month, a top government official said India would export a record 7 mt of wheat in the 2021-22 fiscal year as a rally in global prices gave the world’s second biggest producer of the grain an opportunity to gain market share.

India achieved its target of exporting 7 mt of wheat on March 21, according to the Indian government,