Wheat Export Ban: The ban on wheat exports will continue due to the ongoing rise in wheat prices in the domestic market and insufficient domestic supply. Ashok K Meena, head of the Food Corporation of India, has given this statement. He has expressed the hope that the production of wheat will not be affected by the rains that have occurred in the recent past and the production of wheat will definitely achieve its target. Ashok K Meena said that 10,727 tonnes of wheat has been procured in Madhya Pradesh and wheat is being procured across the country.
Actually after Russia’s attack on Ukraine, wheat export was banned in May 2022 last year. On 13 May 2022, the government had banned the export of wheat after rising prices of wheat in the domestic market and decline in production. The Government of India 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. The Government of India had banned the export of wheat due to changes in the global market and insufficient supply of wheat.
Bumper yield of wheat is expected in this rabi season. But in the second fortnight of February, a rise in temperature was observed, and after unseasonal rains in March, concern about the wheat crop has started increasing. The rise in temperature and unseasonal rains may affect wheat production, which is why the government wants to continue the ban on wheat exports.
Read also
Get the more latest Business news updates