Export opportunity

India can become a reliable grain exporter

Union Commerce and Food Minister Piyush Goyal’s optimism about India’s wheat exports scaling a new high in FY23 is well-founded, though his projection of the volume of likely shipments being around 10 million tonnes seems rather modest. Given the supply crunch, and consequential spike in wheat prices in the international market, in the context of the Russia-Ukraine war, exports might exceed that level by a handsome margin. In fact, the wheat shipments have already surpassed 7.5 million tonnes in 2021-22 and the trade circles, as also the Agricultural and Processed Food Products Export Development Authority, feel that these can be