Wheat Exports of India

2023 JUL 26

Preliminary   > Economic Development   >   Indian Economy and Issues   >   External sector

Why in news?

  • Cereal Experts from India, Australia, and Canada have proposed the establishment of the Wheat Board of India.
  • The experts were attending two-day international milling and baking technical conference that concluded in Guwahati.
  • The event was organised by the Wheat Products Promotion Society (WPPS), a 33-year-old non-profit organisation.

What is the status of India’s wheat exports?

  • Wheat is the second-most-produced cereal grain behind maize and India is the second largest producer next to China.
  • Russia is the market leader for wheat exports (almost 15% share) and Ukraine is also a major producer.
  • With surplus wheat production in India, we have immense opportunities to be world leader in wheat exporter.

PRACTICE QUESTION:

With reference to wheat export of India, consider the following statements: 

1. India is largest wheat exporter in the world

2. Wheat is the largest exported agricultural product from India and contributed to more than 15% of the total agriculture export

3. U.S.A is the Indias top wheat export destination

How many of the statements given above is/are correct?

(a) None of the statements are correct

(b) Only one statement is correct

(c) Only two statements are correct

(d) All the three statements are correct

Answer