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Govt puts curb on wheat export

Govt puts curb on wheat export

BRAND-NEW DELHI: The government has actually put a curb on the wheat export by putting this under the “forbidden” category. In an order issued late Friday night, the commerce ministry said this is being done to handle general food security of the nation and to require the assistance of the neighbouring and vulnerable countries.
As per the notice, wheat will be permitted just in case of “shipments where Irrevocable Letter of Credit has actually been released” on or before the notice. It says, “Exports will likewise be allowed on the basis of authorization given by the Government of India to other nations to satisfy their food security requirements and based upon the request of their federal governments.”
TOI on Friday had reported that the government was set to take a get in touch with whether to slow down wheat exports amid concerns over the dip in stocks of the food grain with the Food Corporation of India (FCI). The issue of wheat stock with the government to satisfy the statutory requirement under food security law and other well-being plans had turned up before the committee of ministers headed by Union home minister Amit Shah on Thursday.
Officers had flagged concerns over the present rate of export of wheat to other nations and the most likely trend for the next couple of months due to the prolonged Russia-Ukraine war.

Published at Sat, 14 May 2022 03:17:10 +0000

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