The central government on Tuesday announced some relaxations in its May 13 order restricting the export of wheat. It said that wherever a consignment of wheat has been handed over to the customs department for examination and registered in their system on or before May 13, such consignments would be allowed for export.
The Ministry of Commerce and Industry said, “It has been decided that wherever a consignment of wheat has been handed over to Customs for examination and registered in their system on or before 13.5. Exports will be allowed.” a statement.
The Center has also allowed a consignment of wheat headed to Egypt, which was already loading at Kandla port. This was followed by a request by the Egyptian government to allow the cargo of wheat being loaded at the port of Kandla.
“M/s Mera International India Pvt. Ltd., a company engaged for export of wheat to Egypt had also given a representation to complete the loading of 61,500 MT 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 decided to allow the entire consignment of 61,500 MT and allowed it to move from Kandla to Egypt,” the statement read.
India, the world’s second-largest wheat producer, had earlier announced that it would ban exports without specific authorization from the government due to a drop in production mainly due to extreme heat.
New Delhi, which had earlier promised to supply wheat to countries dependent on exports from Ukraine, said it wants to ensure “food security” for the country’s 1.4 billion people.
As per this order, this restriction shall not apply in cases where prior commitments are made by private business through letters of credit as well as in situations where other countries are permitted by the Government of India to meet their food security needs. and requests of their governments.
The government said the order served three main purposes: ensuring India’s food security and checking inflation, it helped other countries facing food deficits, and it built India’s credibility as a supplier. keeps.
The order also aims to provide a clear direction to the wheat market to prevent hoarding of wheat supplies.
In view of this decision of India, the prices of wheat reached a record high in the European market on Monday.