Indian Prime Minister Narendra Modi said India is ready to fill the food supply gap caused by Russia's war with Ukraine. 'India is ready to supply food stocks to the world.'
, “While demand for Indian wheat has increased in the last few weeks, [Indian] commerce and industry minister Piyush Goyal has also begun a dialogue with some prospective importers. On Tuesday [March 29], he took the issue with Egypt’s planning and economic development minister Hala El-Said in Dubai.”
Modi’s administration has allegedly been “pursuing deals to export wheat and take advantage of surplus stocks at home and a sharp rise in global prices” since at least mid-March, according to an exclusive Reuters report“It [New Delhi] sees the disruption caused by the conflict involving Russia, the world’s largest wheat exporter and Ukraine, another leading supplier, as an opportunity to sell its wheat on the world market,” two anonymous sources in India’s federal government told Reuters at the...
Modi’s administration set into motion a series of measures in early-to-mid March to help India prepare to export greater amounts of wheat in the near future.
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