India Bans Wheat Exports, All You Need To Know

Wheat, the government will allow exports on requests from other countries, the notification issued by Directorate General of Foreign Trade (DGFT) said.

The notification said that the government had taken the decision “in order to manage the overall food security of the country and to support the needs of the neighbouring and other vulnerable countries”.

Global buyers had been banking on India – the world’s second largest wheat producer after China – for supplies after exports from the Black Sea region dropped since Russia’s invasion of Ukraine in late February.

The move to ban wheat exports comes after huge crop loss due to a heatwave in March. The government is also under pressure to rein in inflation that surged to 7.79 per cent in April.

Also, the move is a u-turn two days after the government announced its plans for a big export push.

“The Centre will send trade delegations to Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon for exploring possibilities of boosting wheat exports from India. India has set a target of a record 10 million tonnes of wheat in the 2022-23 amid rising global demand for the grain globally,” a government statement said Thursday.

Earlier this month, a Reuters report quoted a top official of the Ministry of Consumer Affairs, Food and Public Distribution as saying that India is not looking to curb wheat exports.

“There is no move to curb wheat exports, as the country has sufficient stocks of wheat,” Food Secretary Sudhanshu Pandey had then said.

Prime Minister Narendra Modi, during his recent visit to Germany, told the Indian diaspora at an event that farmers of the country “have stepped forward to feed the world” amid a global shortage of wheat. “Whenever humanity is faced with a crisis, India comes up with a solution,” he said.

Asked about the sudden change in plan, government sources said China is drawing food grains from India after crop loss led to food security concerns there.

After five consecutive years of record harvests, India cut its wheat output forecast to 105 million tonnes from a February estimate of 111.3 tonnes after the heatwave hit crop yields.

In a separate notification, the DGFT announced the easing of export conditions for onion seeds. “The export policy of onion seeds has been put under the restricted category, with immediate fact,” it said. The export of onion seeds had earlier been prohibited.


Next Story:

  • HR Conclave Focusing on Future-Forward Engineering held

    HR Conclave Focusing on Future-Forward Engineering held

    Hyderabad, June 15, 2024: A half-day HR Conclave focusing on Future-Forward Engineering held at VJIT (Vidya Jyothi Institute of Technology), near Appa Junction, Chilkur Road, in the city on Saturday.


  • Justice L. Narasimha Reddy Responds To KCR’s Letter

    Justice L. Narasimha Reddy Responds To KCR’s Letter

    Hyderabad, June 16 (Maxim News):  Power Commission chief, Justice L. Narasimha Reddy has responded to the letter written by former Telangana chief Minister K. Chandrasekhar Rao explaining the power purchases.


  • India To Be 3rd Largest Economy Soon: CII President Sanjiv Puri 

    India To Be 3rd Largest Economy Soon: CII President Sanjiv Puri 

    Delhi/Hyderabad, June 16 (Maxim News): As Prime Minister Narendra Modi takes charge for the third consecutive term, industry chambers believe that India is poised to become the world’s third-largest economy in the next few years.


  • Governor Extend His Heartfelt Greetings On The Occasion Of Bakrid Festival

    Governor Extend His Heartfelt Greetings On The Occasion Of Bakrid Festival

    Hyderabad, June 16 (Maxim News): Governor of Telangana, C.P. Radhakrishnan extended his heartfelt wishes and greetings on the auspicious occasion of the Bakrid festival. Wishing all the Muslims of Telangana a blessed Bakrid (Eid Ul Adha) with happiness, peace, and good health!


  • TGPSC Released Exam Schedule To Fill 581 Posts In Welfare Departments

    TGPSC Released Exam Schedule To Fill 581 Posts In Welfare Departments

    Hyderabad, June 16 (Maxim News): With the completion of general elections, TGPSC has increased its aggressiveness in job placements.  The officials who recently conducted the Group-1 prelims exam and released the preliminary key Exam Schedule was released.  It is known that notification was given in December 2022 for the posts of 562 officers in hostels…


Now you can get latest stories from Indtoday on Telegram everyday. Click the link to subscribe.  Click to follow Indtoday Facebook page and Twitter and on Instagram. For all the latest Hyderabad News updates

Leave A Reply

Your email address will not be published.