India puts curbs on wheat flour exports
07 July 2022, 08:49 pm | Updated: 27 November 2024, 03:41 am
After banning wheat exports, India has put curbs on exports of wheat flour and other related products to curb rising domestic prices.
The curbs will come into effect from July 12, the Directorate General of Foreign Trade (DGFT) has said in a notification.
"Global supply disruptions in wheat and wheat flour have created many new players and have led to price fluctuations and potential quality-related issues. Therefore, it is imperative to maintain the quality of wheat flour exports from India," the notification said.
'The export policy of wheat flour (atta) remains ‘Free’ but exports will be subject to the recommendation of the inter-ministerial committee (IMC) on export of wheat," the DGFT notification added.
The move comes in the wake of domestic wheat flour prices shooting up since Russia's invasion of Ukraine in February this year. In May, India banned wheat exports.
India is the world's second-biggest wheat producer. And neighbouring Bangladesh is India's top importer of wheat. India exported 7 million tonnes of wheat in the 2021-22 financial year.
