Tuesday, March 21, 2023
HomeBusinessGovt puts curb on wheat export - Times of India

Govt puts curb on wheat export – Times of India

NEW DELHI: The government has put a curb on the wheat export by putting this under the “prohibited” category. In an order issued late Friday night, the commerce ministry said this is being done to manage overall food security of the country and to need the support of the neighbouring and vulnerable nations.
As per the notification, wheat will be allowed only in case of “shipments where Irrevocable Letter of Credit has been issued” on or before the notification. It says, “Exports will also be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.”
TOI on Friday had reported that the government was set to take a call on 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 meet the statutory requirement under food security law and other welfare schemes had come up before the committee of ministers headed by Union home minister Amit Shah on Thursday.
Officers had flagged concerns over the present pace of export of wheat to other countries and the likely trend for the next few months due to the prolonged Russia-Ukraine war.

Source link



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments