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LATEST NEWS UPDATES | Export curbs on wheat flour

Export curbs on wheat flour

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

-The Telegraph

Decision to further restrict the export was taken at a meeting of the Cabinet Committee on Economic Affairs chaired by PM Narendra Modi

New Delhi: The Modi government on Thursday further restricted the export of wheat flour to curb rising prices as shipments have increased over 200 per cent during the April-July period compared with last year. The government in May had banned the export of wheat. The decision to further restrict the export was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi.

The decision of the cabinet “will now allow putting a restriction on the export of wheat flour which will ensure a curb on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society”, an official statement said.

The directorate-general of foreign trade (DGFT) will soon issue a notification with the details of the curbs. In July, a DGFT notification said the government had imposed a condition on exports of wheat flour or atta, maida and semolina.

“Export policy of wheat flour (atta) remains free but export shall be subject to recommendation of inter-ministerial committee on export of wheat,” the notification said. This was applicable for wheat flour, refined flour, semolina, wholemeal atta and resultant atta.

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The Telegraph, 26 August, 2022, https://www.telegraphindia.com/business/export-curbs-on-wheat-flour/cid/1882464


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