NEW DELHI, INDIA — India signed agreements in recent days to export about 500,000 tonnes of wheat as international prices rally, Reuters reported. The nation is the second largest producer of wheat.
Buyers are seeking alternatives to Black Sea exports as Russia’s invasion of Ukraine threatens supplies from the two nations that together supply 30% of the world’s wheat exports.
India has significant wheat inventories after five consecutive record annual crops. A guaranteed high domestic price from the government of about $257 ...
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11
MAR
2022
MAR
2022
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