Indian wheat export market shines among the list of the top wheat exporters in the world. With 4% of the entire global wheat exports coming from India, the wheat export opportunities in the country are exponential. Though so, this opportunity to grow brings along a plethora of challenges as well.

Connection Between Challenges and Opportunities  

For a country like India, managing both the challenges and opportunities is essential for making use of global wheat demand. Only the countries that are best able to balance their weaknesses with strengths rise. This becomes a result only after a market finds a way to recognize and utilize opportunities and work on its trade barriers.

 

With the help of our export market analysis, we bring you both the key challenges and opportunities present in the Indian wheat export industry.

Challenges  

In a complex market like India, the challenges that exist are due to the market dynamics. Some of them are as below:

1. Unpredictable Production: India is a nation of mixed weather and anonymity of these weather makes it nearly impossible to define fixed production in any harvest.

2. Improper Quality Defining: The lack of a quality bar in the country leads to the production of wheat that is not able to stand up to international market standards.

3. Logistics and Infrastructure: The Indian farmers lack a lot of essential logistics and infrastructure requirements, which hinders not only their production but also export.

4. Major Competition: India is competing with countries like the USA, Australia, and Canada, to get the lead positive in wheat export. Thereby making it much harder to lead the global wheat demand.

Opportunities  

Being a country of rich agricultural value, wheat export opportunities are in abundance too.

1. Increasing Global Demand: Wheat was once the most demanded in Asian countries. But now, the entire globe is seeing increasing demand for this staple and India holds the potential to serve it.

2. Government Assistance: The Indian government promotes agricultural reforms and assists both financially and opportunistically in countering wheat industry challenges.

3. Derivative Market: Wheat is an in-demand product for creating many derivative food products that rule the markets worldwide. With the right quality wheat, numerous more doors of exporting potential will open.

4. Opting for Modern Practices: Embracing technical advancements is an essential step in increasing the production potential of land. When done correctly, the profit earnings and exporting value of the sector can increase.

How To Strategize to Thrive in the Export Industry?  

The Indian wheat export industry is a complex mix of different challenges and opportunities that require proper strategizing to succeed in its growth. But, with the right mindset and strategic points, it can be done. When making the right strategy for Indian agricultural exports, all you need is to keep in mind five things, i.e.,

1. Quality Increment

2. Development of infrastructure and logistics

3. Diversification of market

4. Collaboration with the government.

With these four points in mind, one can best utilize the wheat export opportunities in India and oppose the effect of the present challenges.