NEW DELHI: The federal government has put a curb on the wheat export by placing it below the “prohibited” class. In an order issued late Friday evening, the commerce ministry mentioned that is being carried out to handle total meals safety of the nation and help the necessity of the neighbouring and weak nations.

As per a notification, wheat will probably be allowed solely in case of “shipments the place Irrevocable Letter of Credit score has been issued” on or earlier than the notification.
“Exports may even be allowed on the premise of permission granted by the Authorities of India to different nations to fulfill their meals safety wants and primarily based on the request of their governments,” it mentioned.

TOI on Friday had reported that the federal government was set to take a name on whether or not to decelerate wheat exports amid considerations over the dip in shares of the meals grain with the Meals Company of India (FCI). The difficulty of wheat inventory with the federal government to fulfill the statutory requirement below meals safety legislation and different welfare schemes had come up earlier than the committee of ministers headed by Union house minister Amit Shah on Thursday.
Officers had flagged considerations over the current tempo of export of wheat to different nations and the probably development for the subsequent few months as a result of extended Russia-Ukraine battle.
Watch Govt bans wheat exports with fast impact amid surge in home costs