By Mayank Bhardwaj
NEW DELHI (Reuters) – India’s wheat exports reached 7.85 million tonnes in the fiscal year ended in March, an all-time high and a sharp increase from 2.1 million tonnes a year earlier, traders said, while Russia’s invasion of Ukraine diminishes Black Sea supplies.
Earlier this month, a government official said India would export a record 7 million tonnes of wheat in the 2021-22 fiscal year, as a rise in global prices gave the world’s second-largest producer of the grain an opportunity to win. market share.
India reached its goal of exporting 7 million tonnes of wheat on March 21, according to the Indian government, which has yet to release wheat shipment data for the last 10 days of March.
Traders said wheat shipments, including cargo sold to neighboring Bangladesh overland, totaled 7.85 million tonnes in 2021-22, surpassing the target of 7 million and indicating exports in the 2022-23 fiscal year that started at No. Of april.
In addition to Bangladesh, India exported wheat to South Korea, Sri Lanka, Oman and Qatar, among others, traders say. Most export deals were signed between $225 and $335 a tonne (FOB), they said.
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