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Centre eases restrictions on wheat exports, lets through shipments registered before May 13

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Centre eases restrictions on wheat exports, lets through shipments registered before May 13

The Centre on Tuesday eased the ban on wheat exports by allowing consignments handed over for inspection or registered in the Customs Department’s systems by May 13 to go through.

On May 13, the Indian government banned all shipments of wheat with immediate effect. (PTI photo)

The Centre on Tuesday eased the ban on wheat exports by allowing consignments handed over for inspection or registered in the Customs Department’s systems by May 13 to go through.

“Wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to 13.5. 2022, such consignments would be allowed to be exported,” the government said.

The government also allowed a consignment of 61,500 MT of wheat headed for Egypt, which was already under loading at the Kandla port in Gujarat, following a request by the Egyptian government.

India is the second largest wheat producer in the world. It also stated its intention to help vulnerable and neighboring countries who are being adversely affected due to sudden fluctuations on the global market.

On May 13, the Centre banned all shipments of wheat with immediate effect. Export of all wheat, including high-protein durum and normal soft bread varieties, were moved from “free” to the “prohibited” category. According to the order, this restriction will not be applied in instances where private trade has made prior commitments through Letter of Credit. It also won’t apply to situations in which permission is given by the central government for other countries to fulfill their food security requirements and upon the request of their governments.

The main purpose of the order was to ensure India’s food security, check inflation and help other countries that are facing food shortages. It also maintains India’s credibility as a supplier. The order was also intended to give a direction to the global wheat market in order to avoid hoarding.

The curbs on wheat export by India have pushed wheat prices in the global market, already exacerbated by the Russia-Ukraine conflict, to record highs.

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