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Data: Rising Inflation & global factors could affect India’s food grain exports after record exports of Rice & Wheat in 2021-22 -Bharath Kancharla

-Factly.in

The Government of India recently imposed restrictions on Wheat exports, in a bid to control rising food prices, ensuring domestic food security. However, this comes after India’s record exports of both Rice & Wheat in 2021-22 putting the export targets for 2022-23 in jeopardy.

The Government of India recently imposed restrictions on Wheat exports. Among the reasons cited for the imposition of these restrictions are the controlling rising food prices, ensuring food security domestically as well as to the countries that India has committed to.

This was followed by certain relaxations which allowed for export of consignments that have already been registered for customs.  This decision by the government comes in the wake of an increase in international demand for wheat and surging food prices, impacted by the Russia-Ukraine conflict. Russia has been the largest exporter of Wheat in the World and Ukraine is among the leading exporters. This had presented India an opportunity to export wheat at better prices.  India has been a marginal player in global wheat exports with decrease in exports starting 2012-13 only to increase in 2020-21 & 2021-22.

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