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Government Relaxes Its Wheat Export Order , Allows Wheat Consignment Already Registered With Customs Prior To The Ban Order

Relief On Wheat Export Ban: In its decision to ban...

Relief On Wheat Export Ban: In its decision to ban the export of wheat, the government has given some relief. Commerce Ministry has said that wherever wheat consignments have been handed over to the Customs Department for examination and registered in their system on or before 13.5.2022, those wheat consignments will be allowed to be exported .

Wheat exports to Egypt cleared
The central government has also allowed export of wheat consignment going to Egypt which was already being loaded at Kandla port. In fact, the government of Egypt had requested the Indian government to allow the export of wheat being loaded at Kandla port. The company engaged in the export of wheat to Egypt had got a permit to load 61,500 metric tonnes of wheat. Out of which 44,340 MT of wheat had already been loaded and only 17,160 MT was yet to be loaded. The government has given permission to send the entire consignment of 61,500 metric tonnes from Kandla to Egypt.

Wheat was stuck at the port
In fact, on 13 May 2022, the government had banned the export of wheat after rising wheat prices in the domestic market and fall in production. After this sudden decision taken by the government, wheat going for export in large numbers from Kandla port to other port was stuck. Thousands of trucks loaded with wheat were standing on the trucks. But now the Government has given concession in its decision and has decided that wherever the consignment of wheat has been handed over to the Customs Department for examination and has been registered in their system on or before 13.5. The consignments will be allowed to be exported.

Ban imposed due to rising wheat prices
The Indian government had restricted the export of wheat to manage the food security situation in the country and to meet the needs of neighboring and vulnerable countries. Those who are affected by sudden changes in the global market of wheat and insufficient supply of wheat. This order will not be applicable in cases where the supply of wheat has been committed by private trade or the countries where wheat was being sent on the request of those countries keeping in mind the food security. According to the Ministry of Commerce, three main objectives will be fulfilled through this order, which include ensuring India’s food security and controlling inflation, besides helping countries which are suffering from food shortage. This will maintain India’s credibility as a supplier and the objective of the order will also provide a clear direction to the wheat market to prevent hoarding of wheat supplies.

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