Union Minister Piyush Goyal says India will continue to export wheat to countries in serious need
Union Minister Piyush Goyal has said that India will continue to allow wheat export for countries which are in serious need, are friendly and have the letter of credit. Mr Goyal said this while speaking at the World Economic Forum at Davos, Switzerland.
Mr Goyal highlighted that this year 7 to 8 percent rise in wheat production is expected but severe heat waves led to early harvest and loss of production. He added, given this situation, what the country is producing is enough for domestic consumption.
He said, India was never a traditional player in the international wheat market and export of wheat only began about two years ago. Mr Goyal mentioned that last year seven Lakh Metric Tonnes of wheat was exported and majority was done within the last two months when the war between Russia-Ukraine developed.
He said, India wheat exports are less than one percent of world trade and our export regulation should not affect global markets. He said, India will continue to allow exports to vulnerable countries and neighbors.
