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Ministry of Commerce & Industry asks to scale up shipments to avert global supply chain disruptions
Amidst a record surge in wheat exports in the current fiscal, the Agricultural and Processed Food Products Export Development Authority (APEDA) recently organised a meeting of key stakeholders in the value chain for promoting exports to those countries which have a huge shipment potential.
The meeting, held on March 17, 2022, followed directions from the Ministry of Commerce & Industry to scale up shipments in order to alleviate any global supply chain disruptions in view of the geopolitical situation.
The meeting was chaired by APEDA chairman Dr M. Angamuthu and had participation of key stakeholders such as traders, exporters, port officials, policy influencers from the Ministries of Food & Consumer Affairs, Railways and officials from various State Governments.
At the meeting, the Railways assured to make available sufficient rakes to meet any immediate demand for additional wheat transport. Port authorities have also been asked to augment dedicated terminals along with dedicated containers for wheat.
Given the bumper wheat production estimation, the APEDA has asked all stakeholders to strengthen its infrastructure for facilitating hassle free wheat export.
The export of wheat recorded a huge surge at $1742 million during April-January 2021-22, growing 387 per cent over the corresponding period in 2020-21 when it touched $340.17 million.