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Government Notifies Relaxation In Wheat Export Notification

Mariya Paliwala
18 May 2022 2:15 PM GMT
Government  Notifies Relaxation In Wheat Export Notification
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The government has announced some relaxation to its order dated 13th May issued by Directorate General of Foreign Trade (DGFT) on restricting wheat exports.

The government decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to 13.5.2022, such consignments would be allowed to be exported.

The authorities permitted the loading of a wheat shipment bound for Egypt at the Kandla port. The Egyptian government had requested that the wheat cargo be loaded at the Kandla port. M/s Mera International India Pvt. Ltd. The business responsible for the wheat's shipment to Egypt, had also given a representation for the completion of the loading of 61,500 MT of wheat, of which 44,340 MT had already been loaded and only 17,160 MT remained to be loaded. The administration agreed to let the entire shipment of 61,500 MT sail from Kandla to Egypt.

Previously, the government restricted wheat exports in order to manage India's overall food security situation and to support the needs of neighbouring and vulnerable countries that have been adversely affected by sudden changes in the global wheat market and are unable to access adequate wheat supplies.

According to the order, the restriction would not apply in cases where prior commitments have been made by private trade through letters of credit as well as in situations where permission is granted by the government of India to other countries to meet their food security needs at the requests of their governments.

The order serves three main purposes: to ensure India's food security and check inflation; it helps other countries facing food deficits; and it maintains India's reliability as a supplier. The order also aimed to provide a clear direction to the wheat market to prevent hoarding of wheat supplies.

Dated: 17.05.2022

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