India will send wheat to Bangladesh despite the ban

News Desk: The Indian government is thinking of exporting contracted wheat before the ban. Bangladesh has the potential to get the first benefit. The government has decided to export 1 million tons of wheat. About half of it is likely to be sent to Bangladesh. According to various sources, the Indian media The Economic Times says that on May 13, the Indian government banned the export of wheat. This time, New Delhi has decided to export the previously signed consignment. More than half of this is likely to come to Bangladesh by rail and road. Indian Commerce Minister Piyush Goel is now at the World Economic Forum. This decision may be announced after returning to the country from there. According to the source, the Foreign Trade Department has submitted the files of the LCs signed before May 13 to the Ministry of Food. They will verify these agreements. Then the decision to export will be taken. An Indian wheat exporter, who did not want to be named, said: "Initially, the Department of Foreign Trade sought permission to export 1 million tonnes of wheat. That's what we found out. Of this, 5 to 6 lakh tonnes is expected to be sent to Bangladesh. ” According to trade sources, more than 250 railway services have been booked till May 13 for wheat export to Bangladesh. Each rack has the capacity to carry 2450 tons of wheat. Which can carry about 6 lakh tons of wheat. 2 lakh tonnes of wheat is expected to be exported by road. The rest can be shipped or sent to other destinations. Since the ban, railway racks carrying 10 grains are still stuck. Kolkata-based exporters said Bangladesh was not in a hurry to import Indian wheat as it had limited stocks. To make room for imported wheat, Bangladesh must first sell rice from warehouses. At present a shipment of wheat from Australia is being unloaded at Chittagong port. Wheat prices are much higher in other countries than Indian wheat. As a result, Bangladesh is keen to get Indian wheat.