After Wheat Ban, India Restricts Export Of Flour Amid Increasing Demand
NDTV
The government explained that the conflict between Ukraine and Russia had led to disruptions in the global wheat supply chains, increasing demand for Indian wheat.
India has decided to put a restriction on the export of wheat flour, to "ensure a curb on rising prices". The decision was taken by the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Thursday
The CCEA said, the restriction on the export of wheat flour "will ensure a curb on rising prices of wheat flour and ensure food security of the most vulnerable sections of the society."
The government explained that the conflict between Ukraine and Russia had led to disruptions in the global wheat supply chains, increasing demand for Indian wheat. Due to the prohibition on the export of wheat (grain) in May, the demand for wheat flour increased in foreign markets. Its exports from India registered a growth of 200% during April-July 2022 compared to the corresponding period in 2021.
The wheat prices had hit a high in the global market due to the Ukraine -Russia war, as Ukraine is one of the world's largest exporters of wheat. India is the second largest producer of wheat but not a major exporter.
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