Saturday, May 28, 2022

Wheat Price India Wheat Production Wheat Price Delhi Wheat Price per kg Central Government

Price of wheat in India: In India, after petrol-diesel and edible oil, wheat prices are now hitting inflation. The prices of flour and flour products have gone up across the country. The impact of the increase in wheat prices is being felt by the people of the country. Against this backdrop, the government has taken a big decision. India’s wheat exports have been banned immediately to curb rising domestic prices.

Soon the price will be relieved
This move by the government will bring relief in prices. Along with this, the prices of flour will also come down soon. This information has been received from the official notification. However, the Directorate General of Foreign Trade (DGFT) stated that “exports of goods for which LOCs have been issued on or before the date of this notification will be permitted.”

Immediate ban
The DGFT has said that the ban on wheat export policy has been imposed with immediate effect. However, export of wheat will be allowed.

The same decision was made for the onion brother
In a separate notification, DGFT announced easing of export conditions for onion seeds. The DGFT said that the export policy of onion seeds has been kept in a limited range with immediate effect. Earlier, exports of onion seeds were restricted.

Inflation hits 8-year high
We would like to inform you that according to the official data released this week, the rise in fuel and food prices has pushed retail inflation to an eight-year high in April. The war between Russia and Ukraine has affected wheat supplies. Both countries were major exporters of wheat.

Consequences of wheat exports
Due to global demand, India’s wheat exports have reached US $ 2.05 billion in 2021-22. According to DGFT, about 50 per cent of the total wheat exports in the last financial year were sent to Bangladesh. The country exported about 963,000 tonnes of wheat this year as against 130,000 tonnes in the same period last year.

Exports of 10 million tonnes of wheat are expected
India was expected to export 10 million tonnes of wheat in 2022-23. The Commerce Ministry had recently said that India would send business delegations to nine countries – Morocco, Tunisia, Indonesia, Philippines, Thailand, Vietnam, Turkey, Algeria and Lebanon – to explore the possibility of boosting wheat exports.

Also read:
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