Traders begin wheat exports after four-year hiatus on bumper crop

“Traders have begun exporting ​wheat for the ‌first time in four ​years, as a ⁠bumper harvest and a rally in global prices and ‌freight rates make shipments of the staple ‌competitive for ‌buyers ⁠in Asia and ⁠West Asia,” trade sources told Reuters.

“Consumer goods conglomerate ITC ​has started ‌loading 22,000 metric tonnes of wheat at the western port of ‌Kandla for shipment to the ​United Arab Emirates,” they said.