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India bans wheat exports with immediate effect

By DN Bureau
India has banned wheat exports with immediate effect (File Photo)

New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification.

However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13.

"The export policy of wheat is prohibited with immediate effect ," the DGFT said.

It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.

In a separate notification, the DGFT announced the easing of export conditions for onion seeds.

"The export policy of onion seeds has been put under the restricted category, with immediate fact," it said.

The export of onion seeds was earlier prohibited. (PTI)

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Dive Deeper:
India prohibits export of wheat, onion seeds with immediate effect
TThe restriction on export of wheat comes as part of measures to control rising prices
India bans wheat exports with immediate effect
Global buyers were banking on India for wheat supplies after exports from the Black Sea region plunged since Russia invaded…
Congress slams wheat export ban, says move 'anti-farmer'
According to an official notification, India has banned wheat exports with immediate effect as part of measures to control rising…
India bans wheat exports as food security comes under threat
India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine,…
One subscription that gives you access to news from hundreds of sites
India wheat export: Here's why a ban is much needed to curb soaring prices
In a statement, the Ministry of Commerce and Industry said, there is a sudden spike in the global prices of…
India bans exports of wheat, citing threat to food security
India has banned exports of wheat effective immediately
Get all your news in one place