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Indian wheat export ban

Centre Extends Wheat Procurement Season Till May 31

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Home Agriculture

Centre Extends Wheat Procurement Season Till May 31

by OB Bureau
May 15, 2022
in Agriculture, Government
Reading Time: 1 min read
Indian wheat export ban
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New Delhi: The Central government has extended wheat procurement season till May 31, Union Minister Piyush Goyal said on Sunday.

“To ensure that no wheat farmer faces inconvenience, Modi Sarkar extends wheat procurement season till 31 May 2022. We are committed to ensuring farm prosperity,” Goyal wrote on Twitter.

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To ensure that no wheat farmer faces inconvenience, Modi Sarkar extends wheat procurement season till 31 May 2022. We are committed to ensuring farm prosperity. pic.twitter.com/FfUE2bwuWO

— Piyush Goyal (@PiyushGoyal) May 15, 2022

India on Saturday banned wheat exports to check high prices amid concerns over production being hit by extreme heat wave conditions prevailing in the country.

“The export policy of wheat is prohibited with immediate effect,” Directorate General of Foreign Trade (DGFT) said in a notification.

Export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of the notification will be allowed.

Exception will only be made in special cases on request by other countries to meet their food security needs.

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