-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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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 »Cotton Association of India asks MCX to prevent speculation in Cotton Futures
-The Hindu Business Line CAI asks officials to take "immediate steps to avoid distortions in cotton prices." Cotton Trade body Cotton Association of India (CAI) has raised concerns about alleged speculative Trades taking place on the Multi-Commodity Exchange (MCX) platform. Citing a sharply lower open interest (OI) in MCX Cotton Futures for the May 2022 contract, CAI has flagged serious distortions in cotton prices causing speculative movements and asked the Exchange to...
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...
More »Food production to dip, hunger to rise in India due to climate change, says report
-The Hindu International Food Policy Research Institute projects scenario for 2030 India’s food production could drop 16% and the number of those at risk for hunger could increase 23% by 2030 due to climate change, says a report by the International Food Policy Research Institute (IFPRI) on climate change and food systems. These projections are part of a model that was used to evaluate the impact of climate change on aggregate food production,...
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