-The New Indian Express However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, DGFT said in a notification dated May 13. CHANDIGARH: With the Russia-Ukraine conflict disrupting global wheat trade and the procurement of wheat dipping down this year due to hosts of reasons and the prices of wheat flour (Atta) is an all time high...
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India’s wheat ban defies economic logic
-Livemint.com The political economy favours the government taking tough measures to protect the consumers — more numerous and more vocal than producers — even if these measures go against the grain of economic sense. India’s decision to restrict wheat export is disappointing but not a big surprise. Banning Exports has been the government’s standard response to any shortage of agricultural commodities, denying farmers the benefit of global prices when these are high....
More »G7 Ministers Condemn India’s Decision to Ban Wheat Exports Amid Ukraine Crisis
-TheWire.in "If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German agriculture minister Cem Ozdemir told the news agency AFP. New Delhi: Agriculture ministers from the Group of Seven (G7) industrialised nations on Friday, May 13 condemned India’s decision to ban unapproved wheat Exports after the country was hit by a punishing heatwave. “If everyone starts to impose export restrictions or to close markets, that would...
More »India’s wheat ban knee-jerk reaction; could prove costly for farmers -Shagun
-Down to Earth The full impact of the wheat ban on farmers will be known only in the next few days, say experts India’s sudden decision to ban wheat Exports with immediate effect citing food security may prove costly for its farmers. Many of them have held back their crop in the hopes of getting higher prices in the coming weeks. The impact of this decision is already being seen in wheat mandis...
More »Wheat production down, procurement less; prices of flour, bread, biscuits soar -
-The Tribune Experts urge the government to be cautious on wheat export, suggest an upper cap, say traders dictating markets New Delhi: Wheat production in the country is down due to “early summers”, the government’s procurement has reduced and the prices of ‘atta’ and byproducts like bread, rusks and biscuits are rising by the day. While the government is calling increasing Exports as “beneficial” for farmers, experts are advocating “caution”, including imposing...
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