Russia-Ukraine War Creates Fertile Ground for Punjab Wheat Traders to Reap Rewards of Supply Crunch

The largest seeds in Asia in the city of Khanna Punjab are usually quiet at this time because new plants only come after harvest in April. Locking and green wheat plants, waiting to be harvested. But marketplacse which is usually empty now buzzing with actions and expectations. Things with war and chaos are that they carry a mixed bag. With grimness also comes opportunities for some people.

And because Ukrainians and Russia are involved in conflict, wheat supply and export to many countries have been hit.

The two countries fight responsibly about 40% of the world wheat supply. Punjab, even though it has good quality wheat, most exports to Sri Lanka and Bangladesh. Even in India, large companies are lured by wheat from Ukraine and Russia. But no longer. And now wheat demand from India has begun to grow.

President of the Association of Wheat Traders Khanna, Harbans Singh Rosha, told news18.com, “We have suffered because MSP is low (minimum support price). Most of the wheat that goes to Port Kandla is from Saharanpur in Uttar Pradesh, and from Madhya Pradesh. Wheat We are the best quality. We have 40 lakh tons of stock and we hope 200 lakh tons more after harvest. This war has given us some new commands and we hope more. “

Balbir Singh Rajewal said, the President of the Political Front of the Sanyukt Jamaj Morcha (SSM), “Yes, this chaos is good news for traders but may not be so good for drinkers (farmers). What we need is that farmers must be given MSP and the tariff Better. I hope the new Punjab government understands this as a war will last a long time and new crops will come in April and we must be able to see profits. “

Traders in Khanna are very awaiting the results of the election of the Punjab Assembly to be announced at 10 March. Polls have indicated that the AAM AADMI Party (AAP) can overthrow the powerful Congress. The traders plan to meet with the chairman of the new minister with their petition. Rosha said, “wheat from Gujarat, above and MP is cheaper because tax is lacking there. We hope that new CM will cut taxes so private traders can sell at competitive prices.”

Prices, for example, less than Rs 2,000 per quintal. The long war can take a higher price for Khanna traders. That’s why they and many like Rosha keep the trajectory near how long the war takes place. Because the situation is, the longer the chaos are increasingly profit.