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LATEST NEWS UPDATES | As wheat prices soar, India could become Asia’s ‘food bowl’ -Subramani Ra Mancombu

As wheat prices soar, India could become Asia’s ‘food bowl’ -Subramani Ra Mancombu

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published Published on Mar 4, 2022   modified Modified on Mar 5, 2022

-The Hindu Business Line

APEDA in touch with countries, exporters to ship out requirements, says its chairman

With wheat prices soaring to a record high of $13.50 a bushel (nearly $500 a tonne) on the Chicago Board of Trade on Friday, India is reaching out to exporters and countries that are looking for wheat supplies.

In addition, it is also looking to supply other agricultural commodities such as corn (maize) and rice, which are also witnessing a demand in view of the spike in wheat prices.

Trade analysts see India emerging as the “food bowl” in Asia at least, besides meeting the immediate needs of other countries, particularly North Africa. In Asia, only India has stocks that can help meet needs of countries in the region. 

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The Hindu Business Line, 4 March, 2022, https://www.thehindubusinessline.com/economy/agri-business/as-wheat-prices-soar-india-could-become-asias-food-bowl/article65189955.ece


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