Wheat and rice remain on top of the global food export chain and are high in demand, especially because of the the recent effects of the Russia-Ukraine war. As Russia and Ukraine are unable to maintain the supply chains that are responsible for the import fulfillment of wheat in almost all of Europe, the question remains - Who do we turn to for wheat supply in all this chaos? This blog attempts to answer this question.
Which are the export commodities that have been most impacted by the war and Russia and Ukraine’s sudden cease in export and supply? Here we not only learn about these products but also what can importers and wholesale buyers do to keep the imports going with alternative supply chains.
The Indian Government on Tuesday March 28th, 2017 announced an introduction of 10% import duty on wheat and pulses. It had earlier abolished these duties four months back. In these four months, import of these commodities increased substantially causing dollar outflows.