Ban on Wheat Export: Ban on Wheat Export, need for food security management and neighboring countries
New Delhi: The central government has banned the export of wheat. The central government has banned the export of wheat with immediate effect in view of the overall food security of the country and the need for assistance from neighboring countries. The government has placed the export of wheat in the “managed” category. According to the Directorate General of Foreign Trade (DGFT), export of wheat will be allowed in case of shipments where Credit of Credit (ILOC) has been issued on or before May as a corona term arrangement.
As per the DGFT, exports to other countries may be allowed to meet their food security requirements and also on the basis of permission granted by the central government on the request of their governments. The notification issued by the department said that the Government of India is committed to meet the food security needs of its country, neighbors and other vulnerable developing countries which are being affected by the sudden changes in the global wheat market.
India to send business delegation to nine countries
Amidst restrictions on wheat exports, the Government of India has set a target of 10 million tonnes of food grains in 2022-23. The government will send business delegations to nine countries, including Morocco, Tunisia and Indonesia, to explore the possibility of increasing wheat exports.
Task force set up on wheat export
The commerce ministry has recently constituted a task force on wheat exports under the Agricultural and Processed Food Products Export Development Authority (APEDA) with representatives and exporters from various ministries including commerce, shipping and railways.
The demand for Indian wheat has increased in the global markets and farmers, traders and exporters have been advised to adhere to all quality norms of the importing countries. It is the agenda of the Government of India that the country can emerge as a reliable supplier of food grains in the near future.