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Indian buyers were offered by Russia to purchase wheat with a protein content of 12.5% at attractive prices. This was announced by the head of the Russian Grain Exporters Union, Eduard Zernin, during a Business Mission of Russian food exporters taking place in New Delhi.
"Russia offers India high-quality wheat with 12.5% protein content. Our prices are among the most competitive in the global market. Currently, India, having a limited choice of suppliers, is forced to buy low-quality wheat at a higher price, significantly exceeding the cost of Russian production," said Zernin.
He noted that India has imposed high duties on grain imports to protect its producers, but Russia intends to discuss grain supply terms with the Indian leadership.
"We consider it important to negotiate with Indian phytosanitary authorities, agree on quality requirements with Indian millers, and resolve the political issue regarding the introduction of import duties. We understand well that India is the second-largest wheat producer in the world. However, in light of unfavorable climatic changes in the South Asian region, it will be better for both sides to prepare in advance for the resumption of supply," the agency's interlocutor pointed out.
According to the head of the Grain Exporters Union, cooperation with Russian producers can bring significant benefits to Indian partners.
"India can save hundreds of millions of dollars on purchases of Russian agricultural products. In addition to wheat, we can offer Indian consumers corn and barley as feed crops, as well as Russian flour and products of deep processing, including alternative vegetable protein products," Zernin said.
Russia's Interest in India's Agricultural Machinery and Seeds
According to Zernin, Russian agricultural producers are interested in purchasing agricultural machinery in India, as well as seeds of several grain legume crops.
"We are interested in the seeds of popular grain legume crops, plant protection products, and, of course, agricultural machinery capable of integrating into precision farming systems," said Zernin.
He noted that agricultural machinery is produced in India, including medium-power tractors, which are in high demand in Russia. Previously, this shortage in Russia was compensated by Western manufacturers, who have now stopped deliveries.
"We are studying the Indian market, trying to find reliable suppliers and partners," Zernin added.
The Business Mission of Russian food exporters is taking place in India from March 14 to 18. Within the mission, Russian companies introduce Indian partners to products of the Russian agro-industrial complex. The event is organized by the Ministry of Agriculture of Russia, the Russian Embassy, and the federal center "Agroexport" with the support of the Ministry of Agriculture of India, the Ministry of Farmer Welfare, and the Ministry of Fisheries, Animal Husbandry, and Dairying.
India is one of the world leaders in milk and meat production, cereals and legume crops. At the same time, the country is also the largest importer of vegetable oils and one of the leading buyers of beans and lentils. In 2022, the volume of agricultural imports to India reached a record level of $34.1 billion. Russia ranks eighth among agricultural product suppliers.
