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Govt bans wheat export with immediate effect to manage overall food security

Govt bans wheat export with immediate effect to manage overall food security; Assures no crisis of wheat and adequate food stock is available in Country

Union Government has prohibited wheat export with immediate effect. The Directorate General of Foreign Trade issued a notification in this regard yesterday.

It has been stated in the notification that an amendment in the export policy of wheat has been done in order to manage the overall food security of the country and to support the needs of the neighbouring countries and other vulnerable countries.

It has been further stated that export will also be allowed on the basis of permission granted by the Government to other countries to meet their food security needs and based on the request of their government.

Directorate General of Foreign Trade said, there is a sudden spike in the global prices of wheat due to several factors and as a result, food security of India, neighbouring countries and other vulnerable countries is at risk. It said, the government is committed to provide food security.

Meanwhile, the Centre has assured that Public Distribution System, PDS will run smoothly in the country despite the rise in prices of wheat in the international market.

Addressing media in New Delhi this afternoon, Secretary Food and Consumer Affairs Sudhanshu Pandey said that PDS system is the backbone of country’s food safety and security network, covering almost 81.35 crore people. He said, in view of the price rise of wheat, the decision has been taken to regulate its export to control its price in the country.

He said, except in India, other countries are selling wheat for around 450 to 480 dollar per tonne in the market. He said, this year in India, the opening stock for wheat was 190 Lakh Tonnes which is a little less than last year’s opening balance of 273 Lakh tonnes. Mr Pandey informed that last year the procurement of wheat was 433 Lakh tonnes where as this year it was estimated to be 444 Lakh tonnes but so far the actual procurement is about 180 Lakh tonnes.

He said, the Central government in consultation with the States and concerned authorities, has taken a decision to reallocate some quantities by changing ratio of wheat and rice. He said, the government has also boosted the availability of wheat by allocating additional 111 Lakh tonnes.

Agriculture Secretary Manoj Ahuja said that the country is in a safe position in terms of quantity and availability of wheat.

Commerce Secretary B V R Subrahmanyan said that currently, there is no crisis of wheat and adequate food stock is available in the country. He said, unregulated trade is the reason behind the rising prices of wheat and the primary goal of the government is to check the inflation.

 

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