# Press Release:Press Information Bureau

> India's commerce ministry asked stakeholders to scale up wheat shipments after a meeting on March 17, with railways promising extra rakes and ports asked to add dedicated wheat terminals. Wheat exports rose 387% to USD 1,742 million in April-January 2021-22, and India is in talks with Egypt, Turkey, China, Nigeria and others.

- Date: 2022-03-19 · published 2022-03-19T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/42245-press-release-press-information-bureau
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Government backing for logistics and outreach suggests India can supply more wheat to importers replacing Russian and Ukrainian volumes, which supports world wheat prices. Infrastructure bottlenecks could still limit how fast extra tonnes move.

## Read by commodity

- BARGE: neutral
- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-15 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/41814-press-release-press-information-bureau.md) | -0.7% | +7.2% |
| WHEAT | 2022-03-30 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/42243-press-release-press-information-bureau.md) | -7.8% | -3.0% |
| WHEAT | 2021-12-31 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/43554-press-release-press-information-bureau.md) | -0.9% | +8.9% |
| WHEAT | 2021-06-10 | [Press Release: Press Information Bureau](https://feedsoft.ai/events/46513-press-release-press-information-bureau.md) | +5.7% | -5.3% |
| WHEAT | 2020-10-24 | [Rapid increase in global cereal prices](https://feedsoft.ai/events/50708-rapid-increase-in-global-cereal-prices.md) | -0.9% | -5.0% |
| KWHEAT | 2022-04-15 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/41814-press-release-press-information-bureau.md) | -1.0% | +8.6% |
| KWHEAT | 2022-03-30 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/42243-press-release-press-information-bureau.md) | +5.7% | +12.1% |
| KWHEAT | 2018-10-09 | [Russian Grain Exports Increase 26% from Last Year - Russia Business Today](https://feedsoft.ai/events/62392-russian-grain-exports-increase-26-from-last-year-russia-business-today.md) | +2.8% | -2.5% |

## Sources

- pib.gov.in: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1807305

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.