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Govt places curb on wheat export – Times of India

NEW DELHI: The authorities has put a curb on the wheat export by placing this below the “prohibited” class. In an order issued late Friday night time, the commerce ministry mentioned that is being executed to handle total meals safety of the nation and to wish the assist of the neighbouring and susceptible nations.
As per the notification, wheat will probably be allowed solely in case of “shipments where Irrevocable Letter of Credit has been issued” on or earlier than 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 federal government was set to take a name on whether or not to decelerate wheat exports amid issues over the dip in shares of the meals grain with the Food Corporation of India (FCI). The concern of wheat inventory with the federal government to satisfy the statutory requirement below meals safety legislation and different welfare schemes had come up earlier than the committee of ministers headed by Union dwelling minister Amit Shah on Thursday.
Officers had flagged issues over the current tempo of export of wheat to different nations and the probably development for the subsequent few months as a result of extended Russia-Ukraine warfare.

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