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India allows small amount of wheat to move out after ban

Reuters . Mumbai
03 Jun 2022 00:00:00 | Update: 03 Jun 2022 00:12:30
India allows small amount of wheat to move out after ban
A worker spreads wheat crop for drying at a wholesale grain market in the northern Indian city of Chandigarh   – Reuters Photo

India has allowed wheat shipments of 469,202 tonnes since banning most exports last month, but at least 1.7 million tonnes is lying at ports and could be damaged by looming monsoon rains, government and industry officials told Reuters.

Shipments that have been allowed moved mainly to Bangladesh, the Philippines, Tanzania and Malaysia, said a senior government official, who also stated the total quantity.

The ban pulled Indian wheat exports down to 1.13 million tonnes in May from a record 1.46 million tonnes in April, the official said, declining to be named.

India, the world's second-biggest wheat producer, imposed a general ban on exports on May 14 as a scorching heat wave curtailed output and pushed domestic prices to record highs.

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