India resumes wheat exports after four years but high prices likely to limit demand - Reuters
India resumes wheat exports after four years but high prices likely to limit demand Reuters
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<a href="https://news.google.com/rss/articles/CBMiwgFBVV95cUxQWTliUjUxRUFPbEJpS2Z2NlZxeENVOXFFUU1uTGd4c1puSTdMRGJFZXVPbWRCcGNBUjRBcHEzOTlrSmcxMTNzUnZVN18wVWM2MFRaMENDSGRCNHRZWUg4dTRaVnhCN1NKUzlsWFFFdU45bmVXa3dERUVNWGJDV0otNGZKa3VqMUJLNG5xemtPM1UxdjVYZE5tZ2QtSFdvV0x1cVh2dDlscnlIMGtGUkxfeHZoeE02QzMxak1ja2JJa1BUdw?oc=5" target="_blank">India resumes wheat exports after four years but high prices likely to limit demand</a> <font color="#6f6f6f">Reuters</font>
Indian traders have begun exporting wheat for the first time in four years, as ample stocks, higher global prices, and firmer freight rates have opened a window for them to make small shipments to buyers in Asia and the Middle East. Consumer goods conglomerate ITC has started loading 22,000 metric tons of wheat at the western port of Kandla for shipment to the United Arab Emirates.
India has resumed wheat exports after a four-year gap, with ITC shipping 22,000 tonnes to the UAE. However, high domestic prices may limit large-scale exports, as Indian wheat is priced at a premium compared to supplies from Australia, Argentina, and the Black Sea region.
Indian traders have begun exporting wheat for the first time in four years, as ample stocks, higher global prices, and firmer freight rates have opened a window for them to make small shipments to buyers in Asia and the Middle East. Consumer goods conglomerate ITC has started loading 22,000 metric tons of wheat at the western port of Kandla for shipment to the United Arab Emirates.
Indian traders have begun exporting wheat for the first time in four years, as ample stocks, higher global prices, and firmer freight rates have opened a window for them to make small shipments to buyers in Asia and the Middle East. Consumer goods conglomerate ITC has started loading 22,000 metric tons of wheat at the western port of Kandla for shipment to the United Arab Emirates.
India has resumed wheat exports for the first time in four years, with ITC loading 22,000 metric tons for the UAE. A record harvest and higher global prices and freight rates are making Indian wheat competitive. This follows a ban imposed due to crop damage from extreme heat in previous years.
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