This news has been received from: breitbart.com

All trademarks, copyrights, videos, photos and logos are owned by respective news sources. News stories, videos and live streams are from trusted sources.

mail: [NewsMag]

New Delhi consulted with Cairo on Tuesday to discuss ways India may increase its export of wheat to Egypt, which has traditionally relied heavily upon wheat imports from the warring nations of Russia and Ukraine, the Times of India reported.

“While demand for Indian wheat has increased in the last few weeks, [Indian] commerce and industry minister Piyush Goyal has also begun a dialogue with some prospective importers.

On Tuesday [March 29], he took the issue with Egypt’s planning and economic development minister Hala El-Said in Dubai,” the newspaper revealed on March 30.

India hopes to export 2 million metric tons of wheat to Egypt as part of an initial shipment to the country, should they finalize their tentative trade deal.

In addition to Egypt, India’s government has allegedly identified “at least nine new markets for Indian produce,” the Times of India reported on Wednesday.

“Nigeria, Thailand, Vietnam and Turkey are among the other nine new markets that the Centre [New Delhi] is seeking to tap,” according to the publication.

The latest war between neighboring Russia and Ukraine has threatened to disrupt both production of wheat in those countries and their export of the cereal to foreign nations since the conflict sparked on February 24.

New Delhi has indicated an interest in stepping up to fill the gap left by Russia and Ukraine in the global wheat market since at least mid-March, according to an exclusive report published by Reuters on March 15.

The news agency spoke to two anonymous sources within India’s federal government who said the administration of Indian Prime Minister Narendra Modi had recently been “pursuing deals to export wheat and take advantage of surplus stocks at home and a sharp rise in global prices.”

File/Indian labourers shift a 50-kilo sack of wheat into a truck at a local grain distribution point in the outskirts of Amritsar. (NARINDER NANU/AFP via Getty Images)

“It sees the disruption caused by the conflict involving Russia, the world’s largest wheat exporter and Ukraine, another leading supplier, as an opportunity to sell its wheat on the world market,” Reuters relayed.

India is the globe’s largest producer of wheat after China. Despite the nation’s surplus wheat stocks, certain factors such as “logistical bottlenecks and quality concerns” have prevented India from its longtime goal of selling large volumes of wheat on the world market, according to Reuters.

India’s government began implementing a series of measures in early to mid-March to help it prepare to export greater amounts of wheat in the coming months.

“Steps to be implemented over about two weeks include ensuring government-approved laboratories test the quality of wheat for export, making extra rail wagons available for transport and working with port authorities to give priority to wheat exports,” Reuters reported on March 15 citing its unnamed sources in New Delhi.

Should the Indian government prove successful in raising its wheat exports in the coming months, New Delhi believes the increased trade “could result in the export of 10 million tonnes of wheat after the new season harvest begins this month [March].”

The price of a loaf of bread is set to increase by 20 per cent in Britain as a result of the Russian invasion of Ukraine causing a global wheat shortage. https://t.co/FF1uAau60L

— Breitbart News (@BreitbartNews) March 5, 2022

For comparison, India exported 6.12 million tonnes (metric tons) of wheat in 2021, a significant increase from 1.12 million tonnes in 2020.

China’s government on March 25 announced plans to boost its domestic wheat production in an effort to buoy global wheat supplies in the coming months. Beijing, like New Delhi, anticipates a global wheat shortage in the near future should Russia and Ukraine remain at war.

The wheat industries of Russia and Ukraine combined account for more than 30 percent of the globe’s wheat trade. Russia is the number one exporter of wheat globally and the third-largest producer of wheat worldwide, after India and China. Ukraine is among the top five exporters of wheat globally.

News Source: breitbart.com

Tags: on the hill b inspired on the hill b inspired ukraine war ketanji brown jackson record high gas cereal economy egypt food shortage food supply india russia ukraine wheat india’s government the globe’s russia and ukraine in the coming months million tonnes wheat after wheat exports according the conflict metric tons reported wheat

Next News:

Donald Trump calls nuclear documents report a hoax by sleazy people in typo-riddled Truth Social rant

Former President Donald Trump has responded to Thursday night's report in The Washington Post that the Federal Bureau of Investigation recovered "classified documents relating to nuclear weapons" and "special access programs" during its execution of a search warrant at Trump's Mar-a-Lago beach house in Palm Beach, Florida on Monday.

United States Attorney General Merrick Garland announced on Thursday afternoon that the Department of Justice filed a motion to unseal the warrant and property receipt and that he had "personally approved" of the warrant request.

Late Thursday night, Trump called for the "immediate release" of the warrant and inventory list. On Friday morning, Trump claimed in a typo-filled rant on his Twitter knockoff app Truth Social that the Washington Post's revelations were a "hoax" and suggested that "sleazy people" were out to get him. He also peddled a conspiracy theory that the FBI was "planting information" to damage him:

Nuclear weapons issue is a Hoax, just like Russia, Russia, Russia was a Hoax, two Impeachments were a Hoax, the Mueller investigation was a Hoax, and much more. Same sleazy people involved. Why wouldn’t the FBI allow the inspection of areas at Mar-a-Lago with our lawyer’s, or others, present. Made them wait outside in the heat, wouldn’t let them get even close - said 'ABSOLUTELY NOT.' Planting information anyone? Reminds me of a Christofer [sic] Steele Dossier!

READ MORE: FBI agents searched Mar-a-Lago for 'classified documents relating to nuclear weapons': report

Magistrate Judge Bruce Reinhart of the Southern District of Florida, who approved the warrant, is expected to rule on Friday afternoon.

From Your Site Articles

    Other News

    • Sergio Gomez spotted at Manchester hotel as Spanish ace looks to seal £11m transfer to Man City from Anderlecht
    • Inside the Ukraine power plant raising the specter of nuclear disaster in Europe
    • Gov. Doug Ducey Issues Executive Order to Fill Gaps in Southern Border Wall
    • Americans Are Too Pampered and Neurotic to Fight a Civil War
    • Blue’s Lee Ryan says he’s seeking professional help after armed cops arrested him over flight drama
    • Jamie Raskin Likens Trump Supporters Threatening Civil War to Putin and His Nuke Threats: Its Ultimately a Sign of Desperation
    • Roman Abramovich moves his £1.5billion fleet of superyachts to Turkey – safe from asset-strippers
    • Eric Adams blamed Gov. Abbott for NYCs homeless shelter problem. But new report demolishes his narrative.
    • Europe facing nuclear catastrophe worse than Chernobyl as rockets ‘land just 10 metres from Ukrainian nuke plant’
    • Third Suspect Arrested In Deadly Shooting Of Teens In Easton, DA Says
    • Three Brits face to face DEATH PENALTY in secret sham trial as disgraceful Russia accuses them of being ‘mercenaries’
    • Russia threatens to sabotage European nuclear power plants
    • Suspended Florida prosecutor vows to fight Ron DeSantis’ war on the freedoms of people in our state
    • Salman Rushdie spoke out about his ‘battle’ & ‘severed head’ before author ‘stabbed on stage’ in Chautauqua Institution
    • Top Russian Official Threatens Nuclear Plant ‘Incidents’ Beyond Ukraine
    • Trump Blasts WaPo Report That He Had Classified Info On Nukes as ‘Hoax’
    • Change Ad Consent Do not sell my data Petition: Tell Putin to Halt The Use of Marine Animals in Acts of War
    • Urgent warning to parents after venomous jellyfish wash up on UK beaches inches away from playing kids
    • Roo-krainian protestor attacks the Russian embassy as the furious animal tries to push through the fortified gate