New Delhi. An important change has emerged for the farmers of the country. India has resumed wheat exports after a long gap. It started from Kandla port in Gujarat, from where thousands of tonnes of wheat is being sent abroad. This step has been taken at a time when there are indications of good production in the country and favorable prices in the global market.
Expectations increased due to start of export
In the latest development, preparations have been made to send a large quantity of wheat to the United Arab Emirates by ship. This start of exports is an indication that India is now again moving towards strengthening its presence in the global wheat market.
International market changed the picture
Till recently, Indian wheat was costing more than global prices, which limited exports. But now prices have increased internationally. This has made Indian wheat competitive and exporters are getting new opportunities.
Strength gained from record production
This year, a bumper production of wheat is being estimated in the country. Due to good harvest, there has been pressure on prices in the domestic market, which has eased the way for exports. Keeping this situation in view, the government has also approved export, so that farmers can get better prices.
Why was there a ban earlier?
Wheat production was affected due to severe heat in the year 2022. Due to this, concerns about the supply in the country increased and the government had to ban exports. This restriction continued for the next few years so that domestic needs could be prioritized and prices kept under control.
What does it mean for farmers?
Farmers can get direct benefit from opening up of exports. When demand increases in the international market, prices improve at the local level as well. With this, farmers have the possibility of getting better prices for their crops.
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