Food Ministry proposes removal of wheat products export ban

The Food Ministry has recommended lifting the export ban on wheat-based products that was imposed in May 2022. In a communication to the Commerce Ministry, the Food Ministry has proposed allowing the export of around 1 million tonnes (MT) of wheat products initially, taking into account the prevailing surplus and a robust production outlook. Before the export ban, India exported flour, maida, sooji and other wheat products to Africa, Gulf nations and South Asian countries. India—the world’s second-largest wheat producer after China—imposed the ban on wheat and wheat-product exports in May 2022 due to concerns over food security, a smaller harvest and rising inflation. Flour millers had earlier informed the Ministry that, given the comfortable stock levels and stable domestic supplies, the situation favours reconsideration of the export ban, as per a report.

Please visit our youtube channel https://www.youtube.com/@ikargos2719 for fortnightly logistics news analysis and more!