India immediately banned the export of wheat, know what is the reason
New Delhi. India stops Wheat export: In view of the rising price of wheat, the central government has banned its export with immediate effect. Let us tell you that in the latest government order, wheat has been kept in the Prohibited Category. According to the notification issued by the Government of India on Friday, the export of wheat going out of the country has been banned.
‘So that the bread does not disappear from your plate’
DGFT said, ‘The export policy of wheat is banned with immediate effect…’ The departmental order also clarified that the Government of India is committed to providing food security to its citizens . At the same time, to meet the needs of neighboring and friendly countries and on the basis of the request of their governments, now the export of wheat will be allowed only in certain situations. The export ban has been imposed in the wake of disruption in the global supply of wheat due to the war between Russia and Ukraine. Let us tell you that both Russia and Ukraine have been major exporters of wheat.
This decision has also been taken so that keeping in mind today’s global conditions, the fundamental rights of the citizens of India can be protected. That is, the government has made special arrangements so that the bread does not disappear from your plate.
What do the figures say?
Official data released this week showed retail inflation hit an eight-year high in April on the back of higher fuel and food prices. Due to strong global demand, India’s wheat exports increased to 7 million tonnes or US$ 2.05 billion in 2021-22. According to DGFT data, out of the total wheat exports in the last financial year, around 50 per cent of the consignments were sent to Bangladesh. The country exported around 9,63,000 tonnes of wheat this year as against 1,30,000 tonnes in the same period last year.
The Indian government was expected to export 10 million tonnes of wheat in the current financial year (2022-23). The commerce ministry had recently said that India would send business delegations to nine countries—Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon—to explore possibilities of boosting wheat export consignments.
View order copy
India’s wheat procurement has also declined by 44 per cent to 1.62 lakh tonnes in the current rabi marketing season till May 1 due to heavy lifting by private traders and less arrivals in Punjab-Haryana. The government had procured 2.88 lakh tonnes of wheat in the year-ago period. Rabi marketing season runs from April to March. Private companies have bought wheat at a price higher than the Minimum Support Price (MSP) amid rising demand for food grains for export. The Center has set a target to procure a record 4.44 lakh tonnes of wheat in the marketing year 2022-23, as against 4.33 lakh tonnes in the previous marketing year.
Agriculture ministry announcement
The Center has stopped the sale of wheat under the Free Market Sales Scheme (OMSS) to bulk consumers amid low procurement for the central pool and asked them not to wait for the scheme to launch to buy the grain. According to the second advance estimate of the Ministry of Agriculture, wheat production is estimated to be a record 11.13 lakh tonnes in the crop year 2021-22 (July-June).
order on onion
In a separate notification, DGFT has announced easing of export conditions for onion seeds. DGFT said, “The export policy of onion seeds is kept under limited category with immediate effect.” Earlier the export of onion seeds was banned.