Govt likely to consider allowing export of wheat | India News


Govt likely to consider allowing export of wheat

New Delhi: The govt may consider allowing export of wheat as the stock of the foodgrain with Food Corporation of India is now almost double of the required buffer and the prospect of a bumper harvest this year.As per govt data, the overall wheat sown area this year is at a record 33.4 million hectare, 3% higher than last year. There is a prospect of another bumper crop this year, following a record 118 million tonne (MT) of wheat production in 2024-25.TOI has learnt that deliberations over the issue of allowing wheat export at an inter-ministerial committee are underway and a decision would be taken soon. The govt had imposed a ban on wheat export in May 2022 following less production.At present, FCI holds wheat stock of 25.9 MT against the required buffer of 13.8 MT for Jan 1. “So, there is no issue so far as meeting the domestic demand is concerned. There is enough wheat available in the domestic market. It won’t be an issue, if we allow export of some quantity of the foodgrain,” said a govt official.Earlier this month, the govt eased the ban on wheat product exports by permitting limited, regulated shipments of wheat flour and related processed products. The govt has capped such exports at five lakh tonnes.



Source link

  • Related Posts

    Russian nuclear corporation Rosatom showcases floatingN-power unit at Goa event, ready for joint research projects | India News

    New Delhi: Russian state-run atomic energy corporation Rosatom, during the India Energy Week in Goa, presented an integrated proposal for large power units and small modular reactors (SMRs), including floating…

    SC: Menstrual hygiene a fundamental right | India News

    New Delhi: Bringing the right of access to menstrual hygiene and gender-segregated toilets within the ambit of fundamental rights, Supreme Court directed states and Union territories on Friday to provide…

    प्रातिक्रिया दे

    आपका ईमेल पता प्रकाशित नहीं किया जाएगा. आवश्यक फ़ील्ड चिह्नित हैं *

    hi_INहिन्दी