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LATEST NEWS UPDATES | Cabinet imposes curbs on atta exports -Subhash Narayan and Ravi Dutta Mishra

Cabinet imposes curbs on atta exports -Subhash Narayan and Ravi Dutta Mishra

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published Published on Aug 26, 2022   modified Modified on Aug 30, 2022

-Livemint.com

To ensure food security of India’s 1.4 billion people, a decision was taken to prohibit export of wheat in May following rising demand for Indian wheat amid the Russia-Ukraine war. But, this caused a jump in export demand for wheat flour

The Union cabinet on Thursday approved placing restrictions on wheat flour, or atta, exports to curb rising prices and ensure food security for the poor.

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved a proposal for amending the policy of exempting wheat or meslin flour from export restrictions. The amendment would allow the Centre to check exports of wheat flour depending on market conditions.

The Directorate General of Foreign Trade (DGFT) will issue a notification to this effect, as per a government statement on Cabinet decisions.

Demand for wheat has spiked since the Russian invasion of Ukraine in February. Russia and Ukraine are major exporters of wheat accounting for around a fourth of the global wheat trade.

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Livemint.com, 26 August, 2022, https://www.livemint.com/news/india/cabinet-imposes-curbs-on-wheat-flour-export-11661425771677.html


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