In the year 2021-22, India exported લો 24.65.7 million wheat flour. India banned wheat exports in May to curb price rises amid concerns that the heat would affect wheat production.
After banning the export of wheat in May, the central government has now banned the export of wheat flour, mutton and semolina. Wheat exports to exporters of these commodities now from 12 July (Wheat Export) The approval of the inter-ministerial committee on will be required. Directorate General of Foreign Trade (DGFT) A said in a notice WheatNo flour export policy is free, but its export will be subject to the recommendation of the inter-ministerial committee on wheat exports. The new approval structure will be applicable to wheat flour, mutton, semolina, whole flour etc. The required model will be notified separately regarding the quality of wheat flour as per the notification.
The provisions of the Foreign Trade Policy shall not apply in relation to the provision of change under this notice. In 2021-22, India exported લો 24.65.7 million worth of wheat flour. India banned wheat exports in May to curb price rises amid concerns that the heat would affect wheat production.
Global wheat prices have doubled since Russia’s invasion of Ukraine, as many importers face severe shortages. The World Bank said on July 5 that economic growth in Ukraine was being reversed due to war, supply-chain disruptions and the Kovid-19 epidemic. Food prices are moving to an all-time high.
India made record exports last year
Russia and Ukraine are the main exporters of wheat. Many countries depend on imported grain for grain. The war has affected the supply chain. Countries importing wheat from Russia and Ukraine are now looking for new alternatives. India is the second largest producer of wheat but lags behind in terms of exports. The bulk of the production here is used for domestic needs. But in the last financial year, India exported record wheat.
Amidst the global crisis, India had a good opportunity to export wheat this time as well. Orders before the ban were also being received quickly. But on 13 May 2022, India banned the export of wheat to offset the decline in yields due to rising prices in the domestic market. It was learned that products like flour and mutton were being exported after the ban on wheat exports. The government has taken this decision to stop it.