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Govt places curb on wheat export

Govt places curb on wheat export

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NEW DELHI: The federal government has put a curb on the wheat export by placing this underneath the “prohibited” class. In an order issued late Friday night time, the commerce ministry mentioned that is being completed to handle general meals safety of the nation and to wish the help of the neighbouring and susceptible nations.
As per the notification, wheat will probably be allowed solely in case of “shipments the place Irrevocable Letter of Credit has been issued” on or earlier than the notification. It says, “Exports can even be allowed on the idea of permission granted by the Government of India to different nations to satisfy their meals safety wants and based mostly on the request of their governments.”
TOI on Friday had reported that the federal government was set to take a name on whether or not to decelerate wheat exports amid considerations over the dip in shares of the meals grain with the Food Corporation of India (FCI). The difficulty of wheat inventory with the federal government to satisfy the statutory requirement underneath meals safety regulation and different welfare schemes had come up earlier than the committee of ministers headed by Union residence minister Amit Shah on Thursday.
Officers had flagged considerations over the current tempo of export of wheat to different nations and the doubtless pattern for the following few months because of the extended Russia-Ukraine struggle.

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