# Wheat exporters jockey for lucrative Egypt gap | India News

> India is set to export a record 7 million tonnes of wheat this year, and exporters are competing with the US, Argentina and China for new business. Egypt, the largest wheat importer, is expected to tender after its April harvest, and Egypt's imports have mostly come from Russia and Ukraine.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/42249-wheat-exporters-jockey-for-lucrative-egypt-gap-india-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Egypt's expected tender and the loss of Russian and Ukrainian supply create a large opening for Indian and other origins, supporting wheat prices. Indian exporters must first obtain accreditation with Egypt's supply authority.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-16 | [Wheat prices rocket on India export ban. London, Paris futures set record highs - Grain Price News](https://feedsoft.ai/events/41448-wheat-prices-rocket-on-india-export-ban-london-paris-futures-set-record-highs.md) | +4.0% | -0.3% |
| WHEAT | 2022-10-14 | [India allows exports of wheat flour processed from imported grain](https://feedsoft.ai/events/39079-india-allows-exports-of-wheat-flour-processed-from-imported-grain.md) | +3.7% | +4.3% |
| WHEAT | 2018-03-22 | [No hike in Indian wheat tariff good news for Australia - Grain Central](https://feedsoft.ai/events/65967-no-hike-in-indian-wheat-tariff-good-news-for-australia-grain-central.md) | +0.1% | +4.9% |
| WHEAT | 2021-05-19 | [India exports record 20 MT of rice, wheat in FY21 - Economy News \| The Financial Express](https://feedsoft.ai/events/47045-india-exports-record-20-mt-of-rice-wheat-in-fy21-economy-news-the-financial.md) | -2.8% | +2.2% |
| WHEAT | 2022-06-13 | [Forecast Indian wheat exports cut by 2Mt: WASDE - Grain Central](https://feedsoft.ai/events/40899-forecast-indian-wheat-exports-cut-by-2mt-wasde-grain-central.md) | +1.0% | -6.4% |
| KWHEAT | 2022-05-16 | [Wheat prices rocket on India export ban. London, Paris futures set record highs - Grain Price News](https://feedsoft.ai/events/41448-wheat-prices-rocket-on-india-export-ban-london-paris-futures-set-record-highs.md) | 0.0% | -7.3% |
| KWHEAT | 2018-03-22 | [No hike in Indian wheat tariff good news for Australia - Grain Central](https://feedsoft.ai/events/65967-no-hike-in-indian-wheat-tariff-good-news-for-australia-grain-central.md) | -1.0% | +6.4% |
| KWHEAT | 2022-06-02 | [India Wheat Export Ban: India allows small amount of wheat to move out after ban, big stocks still stuck \| India Business News - Times of India](https://feedsoft.ai/events/40907-india-wheat-export-ban-india-allows-small-amount-of-wheat-to-move-out-after-ban.md) | +2.4% | -15.9% |

## Sources

- hindustantimes.com: https://www.hindustantimes.com/india-news/wheat-exporters-jockey-for-lucrative-egypt-gap-101648732251171.html

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