Wheat Flour Export Ban Now Will Be Possible Modi Cabinet Approved Proposal For Policy For Wheat Flour Ban
Wheat Flour Export will Ban: The Modi government at the...
Wheat Flour Export will Ban: The Modi government at the Center today cleared the way for banning the export of wheat flour to check the rise in prices. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi. This approval of CCE will now allow ban on export of wheat flour which will ensure check on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society.
Cabinet committee amended the policy
According to the official statement, this decision of the cabinet will now allow a ban on the export of wheat flour. This will check rising flour prices and ensure food security for the most vulnerable sections of the society. The Directorate General of Foreign Trade will issue a notification in this regard.
Earlier there was a policy of not banning – amended it
According to the statement, earlier there was a policy of no ban or any restriction on the export of wheat flour. In such a situation, there was a need for partial modification of the policy by withdrawing the exemption from restrictions/restrictions on its export to ensure food security and to check the rising prices of wheat flour in the country.
Wheat flour exports from India increased by 200%
The government had banned the export of wheat in May to ensure food security in the country. However, this led to a jump in the foreign demand for wheat flour. Wheat flour exports from India grew by 200 per cent year-on-year in April-July this year.
Russia and Ukraine are the major exporters of wheat. The two countries account for about one-fourth of the global wheat trade. The supply system of wheat has been affected by the war between the two countries. This has increased the demand for Indian wheat. Due to this, there has been an increase in the price of wheat in the domestic market.