India approves wheat and broken rice export requests from four countries

Published 2023년 6월 20일

Tridge summary

India has reversed its 2022 ban on wheat and broken rice exports, authorizing shipments to select countries including Indonesia, Senegal, Gambia, and Nepal. The decision, announced late Tuesday, permits exports in the 2023/24 financial year for broken rice and the current financial year for wheat. Exporters will compete for allocated quotas. Indonesia has secured an agreement with India to import up to 1 million tonnes of rice under an emergency plan for El Nino impact on domestic supplies.

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Original content

India has decided to approve wheat and broken rice exports to a few selected countries following their requests to allow shipments of the grains, the government said in two separate notifications issued late on Tuesday. The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices. But following requests, India would allow broken rice exports to Indonesia, Senegal and Gambia in 2023/24 financial year started on April 1. New Delhi also approved request from Nepal and allowed wheat exports in the current financial year. Indian exporters, who were exporting grains to these countries, need to bid for the allocated quota of wheat and broken rice, the government ...

Source: Economic times