PIXABAY

Jun 01, 2022

India Asked to Supply 1.5M Tonnes of Wheat

Despite its ban, India is open to requests for grain from foreign governments

India has received requests for the supply of more than 1.5 million tonnes of wheat from several countries that need the staple to overcome shortages triggered by the invasion of Ukraine by Russia, trade and government sources toldReuters.

India,which has banned private wheat exports,具体是开放的c requests for grain from foreign governments.

The bulk of the request has come from Bangladesh, a regular buyer of Indian wheat, the sources said.

Egypt, the world's biggest wheat importer, has also requested the supply of 500,000 tonnes of the grain. Jamaica and a few Asian countries also made requests.

Turkey rejects Indian wheat consignment

Turkish authorities denied permission to an Indian wheat consignment over phytosanitary concerns, prompting a ship to initiate its return journey on May 29, reports theHindustan Times.

According to an update byS&P Global Commodity Insights, which quoted shipping data from tracker Kpler, the MV Ince Akdeniz loaded with 56,877 tonnes of durum wheat, is now headed back to Kandla port from Turkey.

“The wheat consignment was detected with Indian Rubella disease and was rejected by the Turkish ministry of agriculture and forestry,” S&P Global Commodity Insights quoted traders based in Istanbul.

India's wheat ban

OnMay 14, India’s Directorate General of Foreign Trade announced aban on most wheat exportsfrom the country.

According toreports, the decision to halt wheat exports highlights India’s concerns about high inflation, adding to aspate of food protectionismsince the war in Ukraine started.

Inits announcement, India blamed a spike in global prices for threatening the security of the vital commodity to itself and other neighboring and vulnerable countries.

Feed & Grain Staff

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Marketwatch: Jun, 01

US Corn Price Idx:ZCPAUS.CM

open: 7.5664
high: 7.6359
low: 7.4056
close: 7.472

US Soybean Price Idx:ZSPAUS.CM

open: 16.9844
high: 17.0789
low: 16.3931
close: 16.4886

US Hard Red Winter Wheat Price Idx:KEPAUS.CM

open: 11.3609
high: 11.4747
low: 11.0961
close: 11.0986

US Soft Red Winter Wheat Price Idx:ZWPAUS.CM

open: 10.444
high: 10.5717
low: 10.2215
close: 10.2215