New Delhi, April 7 -- Bangladesh is looking to buy wheat from India to meet its domestic demand and traders expect the country to import sizeable quantities, amid global supply disruptions due to the ongoing West Asia conflict, a person familiar with the matter said.
Traders of both countries are "engaged" in negotiations to close deals, the person cited above said, declining to be named.
India, the world's second-largest producer, lifted its export ban on February 13, allowing outbound shipments of 2.5 million tonnes of the grain and an additional 500,000 tonnes of wheat-based products, such as semolina, or suji. A month earlier, the government had allowed exports of 500,000 tonnes of wheat flour.
The quantities allowed for overseas s...
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