India bans Wheat exports with immediate effect to ensure Food Security

The government took the move a day after its data showed a rise in annual consumer price inflation and retail food inflation.

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Nation First News:  The central government has banned the export of all wheat from the country which is immediately effective from May 13 as a part of measures to control rising domestic prices and to ensure food security.

Not only wheat grains but also high-protein durum wheat and regular soft breads, has been moved from free to banned category.

The government took the move a day after its data showed a rise in annual consumer price inflation and retail food inflation.

An official statement, claimed that wheat can be exported in two conditions. Wheat will be allowed to ship on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments. Or it can be exported under transitional arrangements where an irrevocable letter of credit has been issued on or before the date of this notification, subject to the required supporting documentation.

As per the data released, the consumer price inflation jumped up at 7.79 percent in April, and the retail food inflation stood even higher at 8.38 percent.

The ban on exports also comes amid disruption in global wheat supplies due to the ongoing war between Russia and Ukraine which are major exporters of the foodgrain.

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