India to Ship Record Wheat as Ukraine Crisis Upends Trade Flows
Farmhands harvest a wheat field in the Panipat district of Haryana, India.
Photographer: Prashanth Vishwanathan/BloombergThis article is for subscribers only.
India is set to benefit from the shifts in global wheat trade as Russia’s invasion of Ukraine leaves a vital source of supply hanging in balance.
The uncertainty caused by the war means that importing nations will be looking to buy wheat from elsewhere. India’s exports could exceed a record 7 million tons in 2021-22 if the conflict drags on, according to Vijay Iyengar, chairman and managing director of Singapore-based Agrocorp International Pte.