Govt puts curbs on wheat export – Times of India

NEW DELHI: The federal government has put a curb on the wheat export by placing this beneath the “prohibited” class. In an order issued late Friday night time, the commerce ministry mentioned that is being performed to handle total meals safety of the nation and to wish the assist of the neighbouring and weak nations.
As per the notification, wheat can be allowed solely in case of “shipments the place Irrevocable Letter of Credit has been issued” on or earlier than the notification. It says, “Exports may also be allowed on the idea of permission granted by the Government of India to different nations to fulfill their meals safety wants and based mostly 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 considerations over the dip in shares of the meals grain with the Food Corporation of India (FCI). The problem of wheat inventory with the federal government to fulfill the statutory requirement beneath meals safety regulation and different welfare schemes had come up earlier than the committee of ministers headed by Union residence minister Amit Shah on Thursday.
Officers had flagged considerations over the current tempo of export of wheat to different nations and the doubtless development for the following few months because of the extended Russia-Ukraine conflict.

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