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FY23 wheat exports could reach 10 mt if Russia-Ukraine crisis persists

New crop trading at Rs 100-300/quintal above MSP in many MP, Gujarat markets

Photo: Bloomberg
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Photo: Bloomberg

Sanjeeb Mukherjee New Delhi
India’s wheat exports could touch a new record of 10 million tonnes in 2022-23, up from a record seven million tonnes in the current financial year, if global market conditions remain choppy and no curbs are imposed on outbound shipments.

That is the bullish estimate by officials from global trading firms and market watchers who say the Russia-Ukraine crisis has not only attracted global buyers to India but also pushed the price of Indian wheat from around $320 per tonne (FOB) to over $360 per tonne in less than 10 days.

Food Secretary Sudhanshu Pandey told reporters on Saturday that

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