[ad_1]
Ethiopia, Israel, Bangladesh, UAE and Bhutan, recipients of 350,000 tonnes of Indian government-to-government (G2G) wheat exports, have seen soaring domestic prices and possible shortages since an export ban was imposed in May this year amid concerns over the wheat export ban .
New Delhi may also consider exporting wheat flour, maida, semolina and whole wheat flour through the same route to “friendly countries” if circumstances warrant, one source said. business line.
At the same time, the export of wheat, wheat flour, MaidaSemolina and whole wheat flour may last for a while and the government is not worried about rice as its exports have not increased much over the past few months, sources told business line.
“Rice traders have been concerned about the possibility of banning rice exports, but the government does not seem to be in a hurry as the situation appears to be under control,” he added.
Wheat Flour Export Restrictions
Following the May 13 wheat export ban, the government imposed restrictions on wheat flour exports in July, followed by a ban on wheat flour exports.
“The export of wheat flour was banned as exports increased by 208% between April and August 2022. It was because of the sharp increase in exports that the government also decided to ban the export of related products, including semolina, maida and whole wheat flour, ‘ the source said.
He added that the situation is different for rice, as rice exports will only increase by around 5% between April and August 2022.
India’s decision to ban wheat exports has drawn a lot of flak around the world, as several developed countries, including the United States, the European Union, Japan, Paraguay and Brazil, blame India for further increases in global food prices.
Interestingly, China has defended India on the matter at the WTO, stressing that it is wrong to target it, and more importantly, when wheat export controls are also aimed at ensuring that the country can continue to supply wheat to other countries and its neighbors. An agreement has been reached.
India has defended itself, arguing that its wheat exports account for less than 1% of world trade, so the country’s restrictions should not affect global markets. In 2020, India ranked 19th among wheat exporters, accounting for only a small portion of exports from countries such as the US, Canada, France, Australia and Argentina. In 2021-22, India will export 7.85 million tonnes of wheat.
“Globally, the situation is now improving globally as supplies have improved following the Black Sea Grains Initiative agreement between Russia and Ukraine with Turkey and the UN on food exports from Ukraine,” the source said, suggesting that India is now facing a Less pressure.
Published on
September 4, 2022
[ad_2]
Source link
