India proposes lifting wheat-product export ban amid record stocks

Ministry has recommended allowing an initial export of 1 million tonnes of wheat products. The proposal, submitted to the Ministry of Commerce, cites strong crop prospects and ample domestic supplies. Officials say that controlled exports would help India reclaim its traditional markets for flour, maida, and sooji. A recent attempt to sell wheat through Food Corporation of India’s open market auction received only a lukewarm response: of the 200,000 tonnes offered, only 69,000 tonnes were sold at ₹2,550 per quintal. Analysts note that the strong stock position is helping stabilize retail prices. Flour millers have welcomed the proposal. Navneet Chitlangia, president of the Roller Flour Millers’ Federation of India, highlighted that another bumper harvest is expected this year due to surplus monsoon rains. He added that lifting restrictions would help the industry regain traditional wheat product export markets. So far, wheat sowing is progressing rapidly, with 2.27 million ...