After rice, India is set to turn a major exporter of wheat as well - thanks to surging international prices from Chinese stockpiling and ultra-low interest rate money increasingly finding its way into agri-commodity markets, local media reported.
The US Department of Agriculture (USDA) has upped its forecast of Indian wheat exports for 2020-21 (July-June) to 1.8 million metric tonnes (MT), as against its earlier estimate of 1.0 million MT. That would be the highest ever in the last six years.
India rides on global grain trade bandwagon
FE Team | Published: January 14, 2021 21:16:12
India rides on global grain trade bandwagon
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