-BusinessToday.in Allows wheat consignment already registered with customs prior to the order. The Indian government on Tuesday announced some relaxation to its earlier notified ban on wheat Exports issued by Directorate General of Foreign Trade (DGFT), Department of Commerce. In a fresh notification, the Ministry of Commerce stated, "It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or...
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Ban on wheat Exports 'anti-farmer' move, say Punjab farmers' unions
-PTI/ The New Indian Express They also slammed the Centre for not announcing a bonus of Rs 500 per quintal of wheat, as demanded by them to compensate the drop in the yield on account of shrivelled grains due to intense heat wave CHANDIGARH: Farmers' unions in Punjab on Monday dubbed the Centre's decision of banning wheat Exports as an "anti-farmer" move, saying that the Union government is not letting them reap...
More »As inflation soars, sale of low-unit price packs jumps; FMCG companies go for grammage cut, bridge packs
-PTI/ Financial Express Downtrading refers to the practice of switching from expensive products to cheaper alternatives by customers in a bid to conserve cash. FMCG manufacturers are opting to reduce product weight rather than price of items targeted at lower-end consumers, while resorting to single-digit price increase on some large packs and launching ‘bridge packs’, as they seek to overcome the impact of commodity price rise and unprecedented inflation. Besides, they are also...
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 »To control domestic prices, India bans wheat Exports with immediate effect -Harpreet Bajwa
-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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