The understanding reached with Egypt leading to the country opening up its wheat market to India has been termed of ‘little importance’, with traders saying exports to Egypt are a non-starter due to price-related issues.‘‘Egypt has not relaxed its quality norms for export, including the requirement for Karnal-bunt free wheat, supplying them this category will not be feasible price-wise,’’ sources said. The fact that Egypt allows Indian businesses to participate in its government floated wheat tenders does not mean they will be able to make successful bids, they said adding the United States and Russian wheat will be much cheaper.
