India: Wheat ban should continue

Published 2023년 3월 16일

Tridge summary

The Roller Flour Millers’ Federation of India has recommended that the government should continue the ban on wheat and wheat product exports into FY 2023-24. This recommendation is based on the expectation of a record wheat harvest of 106-110 million tonnes this year, despite challenges like early summer and excessive rainfall. The government's procurement of 340 lakh tonnes of wheat is expected to be facilitated by the expected decrease in wheat prices due to the high production. The Open Market Sales Scheme announced by the government in January has already led to a reduction in wheat and wheat product prices by Rs 600-800 per quintal pan India.

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Original content

Ban on exports of wheat and wheat products such as atta, maida and suji must continue even in FY 2023-24, the Roller Flour Millers’ Federation of India said.“The government’s closing balance for wheat will be at its lowest this year,” said Pramod Kumar S, President, Roller Flour Millers’ Federation of India adding that the continuation of export ban will help in restoring it's stocks.The Federation expects a record harvest of 106-110 million tonnes this year despite the early onset of summer and excessive rainfall in some wheat growing areas. The record production in tandem with cooling off prices of wheat will enable the government to procure the targeted 340 lakh tonnes of wheat. Kumar added that the Open Market Sales Scheme (Domestic), which was announced on January 26, 2023 has resulted in a reduction in prices of wheat and wheat products by Rs 600-800 per quintal pan India basis, thereby bringing relief to common people and industry. Owing to various measures of the ...

Source: Economic times