To rein in rising prices & ensure food security of vulnerable sections in 2022, wheat flour exports to be restricted

To control the increase in commodity prices, the central government has now decided to impose restrictions on wheat exports or meslin flour. Approved by the Cabinet Committee for Economic Affairs, this step is also intended to ensure food safety from the most vulnerable section of society, in addition to curbing the price of this important commodity.To make this happen, the proposal for the Amendment to the Wore Liberation Policy or Meslin flour from export restrictions has been ratified by the committee under the leadership of the Prime Minister, Narendra Modi.

food security was important in technology world.

Notification for this effect, was also issued by the Director General of Foreign Trade (DGFT)food security.This development had come a few months after India banned wheat exports amid an increase in wheat prices in the domestic market after the beginning of the Russian-Ukraine conflict. The decision to prohibit wheat exports is also intended to protect the food security of the people, especially those from the strata of the community which is economically security

Accounts for about 25% of the global wheat trade.

It is very interesting to note here that there is a policy not to prohibit or limit wheat flour, but see a rapidly changing scenario, policy modification that arises must be made to ensure food safety and conduct an inspection of the installation of wheat prices in this country, which is part of Staple food for Crores people.Russia and Ukraine are the main exporters of wheat, accounts for about 25% of the global wheat trade. However, conflict arose between them about six months before, had caused a disruption of the global wheat supply chain and the increasing demand for Indian wheat.

Price of wheat increase day by day.

As a result, the price of wheat in the domestic market shows an increase. To ensure food safety of 1.4 billion people in the country, the decision was taken to provide a prohibition on wheat exports in May 2022.However, due to the prohibition of wheat exports, demand for wheat flour has increased in foreign markets and its exports from India have registered 200% growth during April-July 2022, compared to the appropriate period in 2021.

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