After Wheat Ban, India Restricts Export Of Flour Amid Increasing Demand
The export of wheat flour will now be restricted in India in order to “keep a brake on growing prices.” On Thursday, the Prime Minister Narendra Modi-led Cabinet Committee on Economic Affairs (CCEA) made the decision.
According to the CCEA, limiting wheat flour exports “would provide a check on rising wheat flour costs and ensure food security of the most disadvantaged parts of society.”
The conflict between Ukraine and Russia, according to the government, caused interruptions in the world’s wheat supply lines, which raised demand for Indian wheat.The May ban on the export of wheat (grain) led to a rise in the demand for wheat flour in international markets. In comparison to the similar period in 2021, its shipments from India increased by 200 percent in April through July 2022. Given that Ukraine is one of the biggest exporters of wheat in the world, the Ukraine-Russia war had an impact on wheat prices on the global market. Despite being the second-largest producer of wheat, India does not export much.
India has been approached by numerous nations about providing them with wheat and sugar, and it is reacting favourably, according to Ruchira Kamboj, India’s ambassador to the UN, who made the statement on Wednesday. According to Ms. Kamboj, “India has sent more than 1.8 million tonnes of wheat to countries in need, including Afghanistan, Myanmar, Sudan, and Yemen, in just the previous three months alone.”
She stated that as food security remained a top priority, it was important to emphasise equity, availability, and affordability when it comes to food grains.
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