Amid Russia and Ukraine war situation, there is an acute decline in the availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine. Both the nations are major producers and exporters of wheat.
Commerce and Industry Minister Piyush Goyal informed that Egypt, which is one of the largest importers of wheat from Ukraine and Russia, has approved India as a wheat supplier. This is indeed a major breakthrough for India’s agri exports.
Egypt is looking to import 1 million tonnes of wheat from India and would need 2,40,000 tonne in April.