economy
India lifts export ban on wheat flour, related products with immediate effect
The Central Government has lifted the export ban on wheat flour and related products. This policy amendment allows for immediate overseas shipments of these items. Previously, India had halted wheat exports in July 2022 due to rising local prices. Global price skyrocketed when the Russia-Ukraine conflict had impacted wheat trade significantly. The government had previously set a 5 million tonne export limit earlier this year.
Context
The Government of India has amended its export policy to allow the free export of wheat flour (atta) and related products, removing a ban imposed in July 2022. The initial prohibition was enacted to control domestic inflation following a surge in global wheat prices and supply chain disruptions caused by the , which had prompted India to increase exports.
Exam Perspectives
Key References
AI-generated study notes · sourced from Economic Times