Govt targets 12 mt wheat export in FY23 – The Hindu BusinessLine

Clipped from: https://www.thehindubusinessline.com/todays-paper/govt-targets-12-mt-wheat-export-in-fy23/article65257162.ece

The Centre has set a target to export at least a million tonnes (mt) of wheat every month in 2022-23 as it wants the country to emerge a reliable source of the grain both in “quantity and quality”.

It wants to tap to the optimum the current opportunities provided by the Russia-Ukraine conflict.

This sets a target of 12 mt for wheat exports next fiscal. This fiscal, the cereal’s exports are heading for a record of over 7.5 mt. The US Department of Agriculture has projected India’s wheat exports this fiscal at 10 mt.

A meeting of exporters and officials of various ministries such as the Railways, Shipping, Commerce and Agriculture was chaired by Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Thursday to remove all impediments to speeding up shipments.

A task force, headed by Agricultural and Processed Food Products Export Development Authority (APEDA), has also been constituted for this purpose.

Simultaneously, the Centre is preparing to prune its wheat procurement target under the minimum support price (MSP) scheme by 10 mt. For the rabi marketing season starting April 1, the Food Ministry had set a procurement target of 44 mt.

Traders say the Centre could find it difficult in meeting the target given that open market prices are ruling higher than the MSP of Rs. 2,015 a quintal.

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