# Govt keeping close watch on trade amid Russia-Ukraine crisis: Piyush Goyal - CNBC TV18

> Commerce Minister Piyush Goyal told the Rajya Sabha that the government is monitoring trade opportunities from the Russia-Ukraine war and is talking with traders to increase wheat and other commodity exports. He said India's wheat exports are set to cross 7 million tonnes this year, up from 0.2 million two years ago, and that ships and containers are blocked in several European countries.

- Date: 2022-03-26 · published 2022-03-26T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/42247-govt-keeping-close-watch-on-trade-amid-russia-ukraine-crisis-piyush-goyal-cnbc
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Government support for exports and reports of blocked shipping point to continued demand for Indian wheat in global markets. Shipping disruptions add to freight costs and may slow delivery.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-04-07 | [Govt rushes to keep food prices in check during elections - The HinduBusinessLine](https://feedsoft.ai/events/30687-govt-rushes-to-keep-food-prices-in-check-during-elections-the-hindubusinessline.md) | +3.2% | +1.3% |
| WHEAT | 2024-01-13 | [No proposal to lift export curbs on wheat, rice, sugar, says Piyush Goyal \| Agriculture - Business Standard](https://feedsoft.ai/events/32107-no-proposal-to-lift-export-curbs-on-wheat-rice-sugar-says-piyush-goyal.md) | +0.9% | -1.1% |
| WHEAT | 2023-01-20 | [Export ban on wheat & broken rice to continue, says government official - CNBC TV18](https://feedsoft.ai/events/37757-export-ban-on-wheat-and-broken-rice-to-continue-says-government-official-cnbc.md) | -2.9% | +0.1% |
| WHEAT | 2021-11-11 | [Will the Fertilizer Crisis Hit Global Grains Production? \| CZ app](https://feedsoft.ai/events/44009-will-the-fertilizer-crisis-hit-global-grains-production-cz-app.md) | +0.9% | -0.6% |
| WHEAT | 2020-03-27 | [Russia Proposes Grain Export Quota In Response To Coronavirus \| ESM Magazine](https://feedsoft.ai/events/53991-russia-proposes-grain-export-quota-in-response-to-coronavirus-esm-magazine.md) | +2.0% | +1.7% |

## Sources

- cnbctv18.com: https://www.cnbctv18.com/india/russia-ukraine-crisis-government-keeping-close-watch-on-trade-piyush-goyal-12952902.htm

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