Indian wheat exporters to gain from Russia-Ukraine conflictITC - 264 Change: 9.90 (3.90 %)
News: Russia is one of the largest exporters of wheat. The conflict is expected to disrupt Russia’s wheat export, creating an opportunity for Indian exporters.
Views: Similar to Q3FY22, ITC is expected to utilise the opportunity in wheat exports in Q4FY22 as well. However, these gains would be insignificant (~1%) compared to ITC’s overall profitability.