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Export 10 Million Tonnes of Wheat to Avoid Huge Spoilage

13 June 2014

INDIA - In order to avoid massive spoilage and wastage of wheat in the country, India can export up to 10 million tonnes (MT) of wheat every year, the Associated Chambers of Commerce and Industry of India (Assocham) said in a study.

The export will help the country to maintain production level of about 95 million tonnes and save grains worth about $8.41 billion owing get wasted every year.

“A long-term and stable wheat export policy is the need of the hour as it would go a long way in developing dedicated clientele in the global wheat market thereby helping India in earning much needed foreign exchange, thus issues vis-à-vis storage, domestic consumption, food security needs, population growth and others must be analysed and a pragmatic view should be taken in this regard,” the study titled ‘Wheat Economy of India,’ conducted by Assocham said.

The body also called for an innovative crop rotation policy with intercropping is the need of the hour and scientists along with policymakers should look for a viable solution in this regard.

A time bound study should be undertaken to formulate an effective wheat policy to address the needs of all stakeholders of wheat industry ranging from primary producer to all sections of consumers and exporters, the report stressed.

The study said, though, with over 90 million tons (MT) of annual wheat production India ranks second only after China in terms of global wheat production of about 700 MT grown on over 240 million hectares, however in terms of yield (3 MT/ha) India is far behind leading Western European countries like – France, Germany, UK (each with about 7 MT/ha), China (5 MT/ha).

Afghanistan, Bangladesh, Indonesia, Korea (RP), Malaysia, Nepal, Oman, Philippines, Qatar, Saudi Arabia, Thailand, UAE, Yemen, Vietnam and African Countries like Djibouti, Ethiopia, Sudan, Tanzania and others are major importers of wheat from India, the report adds.

TheCropSite News Desk



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