In response to Bangladesh’s request for wheat exports from India, the country now wants to know how much wheat it needs to import right now, both on a government-to-government and privately.Domestic importers are encouraged by the response, and have already begun applying for licenses from the Department of Agricultural Extension’s Plant Quarantine Wing.Wheat prices on the international market have surged by more than 50 per cent as a result of the conflict.
In the Bangladesh market, the price per quintal climbed from Tk900 to Tk1,600. Bangladesh’s government then formally approached India, pleading with it to lift the embargo. On May 25, Afzal Mehdat Adnan, the Bangladesh High Commission in India’s second secretary (political), wrote to the food ministry, asking if Bangladesh had opened the LC to import 6-7 lakh tonnes.India also wanted information on the LCs that had been opened, the import price, and the list of LCs that had been opened by Bangladesh before India halted wheat exports.In addition, India has requested information from Bangladesh on how much G2G, B2G, and B2B wheat will be imported.
Furthermore, the high commission was questioned regarding the amount of wheat that must be imported privately.Wheat imports totaled 34.58 lakh tonnes in the first 11 months of this fiscal year, with the government importing 4.44 lakh tonnes and the private sector importing the remaining 30.13 lakh tonnes.Government imports totaled 4.78 lakh tonnes in the previous fiscal year, while private imports totaled 48.64 lakh tonnes.