Export/Import Updates!
May 19, 2022

Wheat exports slow down as Government puts it into prohibited category

UPDATE: India put wheat export under the "prohibited" category post a sudden spike in the price of the commodity. Exports will be allowed on basis of permission granted to other countries to meet their food security needs and based on the request of their government.

Russia and Ukraine have traditionally exported 30% of the world’s wheat. But since the war started on February 22, Ukraine's trade has stopped completely, and Russia’s exports are effectively on pause due to ongoing sanctions. The global shortage is further compounded by droughts, floods, and heatwaves affecting production in other traditional exporting countries like the USA, the European Union, and Canada.

Whilst India has long been ranked as the second largest producer of wheat globally, until February Indian exports only accounted for 1% of global volumes. This leaves the opportunity for India to increase its exports of the Grain and Food. Sudhanshu Pandey, Secretary, Department of Food & Public Distribution, Govt. of India clarified last week that the government has no plans to stop wheat exports. Wheat prices have jumped following this clarification.

New markets are opening. Last month Egypt approved the import of 1 million tons of Indian wheat. In 2020, Egypt imported wheat worth about USD 1.8 billion from Russia and USD 610.8 million from Ukraine, to put this in perspective. This week, Turkey also approved imports of Indian wheat, jumping onto the list of new markets for Indian farmers, including Qatar and Indonesia. 

About 60% of the world’s wheat importers are from the countries below. For smart Indian wheat exporters, this should be the focus area to find new business and boost exports.

Cogoport, with 5 years of unprecedented experience in end-to-end shipping and logistics management, aids exporters in overcoming several trade challenges related to planning, booking and executing the shipment by helping shippers with rate discovery, booking shipments, container tracking, credit solutions and much more.

If you’re interested in door-to-door service, we offer attractive rates and exemplary service for the above countries.

No items found.
Editorial Team
Editorial Team
Customer success manager
Tea cup with steam illustration
JOIN US FOR CHAI

Signup & get articles in your inbox

Signup to Cogoport. Get trade new & updates, and get assistance with booking international shipments online!

More articles

GST on Indian Imports: Everything You Need to Know

GST on Indian Imports: Everything You Need to Know

GST is an active indirect tax that replaces all other indirect taxes across India. Read about how GST impacts imports in India and how to calculate GST on your imports.

A Guide to Ocean Freight from China to India

A Guide to Ocean Freight from China to India

This guide will help you understand how to import goods from China to India using ocean freight, how much it costs, duties to account for, the time it takes, regulatory norms, important ports, and more.

Free on Board (FOB) with Cogoport for Importer

Free on Board (FOB) with Cogoport for Importer

Incoterms are widely discussed terms in the logistics world. They are shipping agreements which define the trade process for the importers and exporters. Let us look at how FOB makes shipments hassle-free, economical, and easy for Importers?

Quality Control and Inspections in China: A Complete Guide

Quality Control and Inspections in China: A Complete Guide

Quality control and inspection is crucial if you are sourcing products or manufacturing your goods in China. The article explains what it entails, why it is important, and how to go about getting it done.

Everything you need to Know about importing from China to India

Everything you need to Know about importing from China to India

Know about the compliances, Custom documents, duties and labelling for imports from China to India

What Is CBM And How Do You Calculate It?

What Is CBM And How Do You Calculate It?

Find out what CBM is and how to calculate CBM for your cargo. Learn to calculate CBM for Ocean Freight, Air Freight and road (truck LTL) freight. Calculate CBMs per pallet.

Export/Import Updates!

Heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Sara Smith
Customer success manager

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Heading

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Resources

No items found.