Two government sources indicated that India is planning aggressive efforts in the coming weeks to position itself as a leading supplier of high-quality wheat as importers scramble for supply in the aftermath of Russia's invasion of Ukraine.
The efforts, which are expected to be implemented over the next two weeks, include ensuring that government-approved laboratories assess the quality of wheat for export, making extra rail waggons available for transport, and collaborating with port authorities to prioritise wheat exports.
India, the world's second-largest wheat producer after China, has been chasing partnerships to export wheat in order to capitalise on domestic surplus stocks and a dramatic jump in global prices.
It views the disruption produced by the conflict between Russia, the world's largest wheat exporter, and Ukraine, another major supply, as a chance to sell its wheat on the global market.
Despite surplus wheat supplies, logistical bottlenecks and quality issues have repeatedly thwarted India's efforts to sell substantial quantities on the global market.Exports increased to 6.12 million tonnes of wheat last year, up from 1.12 million tonnes the previous year.
Ukraine conflict sends shockwaves around world of commodities
Canada to raise Federal minimum wage to rise to C$15.55 per hour on April 1
