Export: PEC Limited is one of the largest exporters of wheat from India, and during 2001-07, had exported more than 5 million metric tonnes (MT). The Government of India had banned exports of wheat for a four year period. Since the lifting of the ban in 2011, PEC Limited has already exported more than 2.5 million MT during 2012-2014. These exports were carried out from the central pool/FCI stocks of the GOI out of an overall approximate 6 million MT exported by the three nominated public sector enterprises, namely MMTC, STC and PEC Limited. The exports have been carried out from Kandla port on the West coast, and Krishnapatnam, Karaikal, Vizag and Gangavaram ports on the East coast.
India has built a formidable reputation as an exporter of quality wheat, comparable to the US SRW variety and the Black Sea milling varieties, at value prices. Indian wheat that is exported, normally, has moisture not exceeding 12%, minimum protein of 11.5%, gluten at minimum 26%, and a falling number of 400 seconds minimum, which allows it to be a strong competitor to wheat from other origins.
Import: PEC Limited assists the strategic procurement carried out by the GOI, and also facilitates trade in the private sector by extending trade financing facilities. The focus has always been on ensuring quality imports that adhere strictly to the various statutory requirements in India, so far as non-GMO and phytosanitary requirements are concerned. While imports have been done from the Ukraine and Australia, the latter remains the most preferred source for imports.