Page 9 of Wheat

IMF says it is concerned by food, fertilizer export restrictions; welcomes India’s decision to relax ban on wheat exports

A senior International Monetary Fund official observed that some 30 countries have curtailed exports of commodity goods including food and…

June 10, 2022 10:24 IST

Ethiopia alone wants about 0.2 MT of wheat. A panel comprising senior officials from the ministries of commerce, food, agriculture and external affairs is evaluating the requests. The number of wheat supplies to each of them will be determined based on several criteria, an official source said.

Nine nations seek about 1 million tonne of wheat since ban

Among other things, the officials are expected to seek assurances the supplies that are going to be approved for food…

June 10, 2022 06:00 IST

According to department of consumer affairs, retail prices of wheat have increased by more than 13% to Rs 30 a kg compared to year-ago period. However, rice prices have witnessed a moderate increase of around 1.7% to Rs 36 a kg.

Retail prices of wheat, edible oil & tomato witness sharp spike

Traders say that factors such as heat waves during March-April have adversely impacted the yield of wheat and tomato, thus…

June 9, 2022 05:45 IST

Importantly, 27.4 lakh tonnes of wheat (worth $902 million) have been exported until June 2 this fiscal, about four times from a year before. In FY22, the country had exported a record 72 lakh tonnes of wheat worth $2.12 billion.

Indonesia, Bangladesh top gainers: India clears wheat exports of 5 lakh tonnes after ban

Indonesia and Bangladesh have emerged as the biggest beneficiaries of the post-ban despatches, with each importing at least 1 lakh…

June 8, 2022 05:15 IST

Panicked traders step up forward Indian rice purchases after wheat export ban: Sources

In the last two weeks, traders have signed contracts to export 1 million tonnes of rice for shipments from June…

Updated: June 6, 2022 14:05 IST

The wheat export ban is not applicable to two kinds of shipments — exports committed by the Indian government under bilateral understanding with a few countries to meet their food security needs and shipments under transitional arrangements, where irrevocable LCs have been issued prior to the ban.

Will take strict action against wheat exporters on fake, back-dated letters of credit, says Piyush Goyal

“We will meet the food security needs of less developed countries by allowing wheat exports on a case-by-case basis, ”Goyal…

June 4, 2022 00:45 IST

Exporters have to submit the message exchange date with foreign banks along with a valid irrevocable letter of credit, issued on or before May 13, to obtain registration of contracts (RC) to ship their consignments.

Govt will take strict action against wheat exporters who submit back-dated documents: Goyal

On May 13, the government banned wheat exports to control domestic prices. However, it allowed shipments for exporters who have…

June 3, 2022 18:20 IST

ITC, a major wheat exporter, has informed the government that it had sold the wheat to a Geneva-based company, which further sold the commodity to a Turkish firm. All financial transactions had happened, Pandey said.

India in touch with Turkish authorities on wheat consignment rejection: Food Secy

Meanwhile, after India banned wheat exports on May 13, the secretary said five-six countries have requested for Indian wheat and…

June 2, 2022 17:49 IST

The rabi marketing year runs from April to March but the bulk of procurement ends by June. An all-time high of 433.44 lakh tonnes of wheat was procured in the previous marketing year.

Wheat procurement drops by 54% to 18.65 million tonne, likely to hit 13-year low

In the last 10 days, only 0.5 mt of wheat was procured by agencies despite the government imposing restriction on…

June 2, 2022 06:00 IST

The order has been issued to ensure that the exporters are not issued RCs based on improper documents, it said.

Govt for ensuring strict compliance of provisions in wheat export registration process

The Directorate General of Foreign Trade (DGFT), under the commerce ministry, has directed its regional authorities to physically verify all…

May 31, 2022 19:09 IST

DGFT to refer cases to CBI if wheat exporters submit back-dated LCs

While prohibiting wheat export on May 13 to control spiralling prices, the government had made it clear that supplies that are…

May 31, 2022 09:07 IST

Govt’s wheat procurement down at 184.58 lakh tonnes so far

Total wheat purchases made by the Food Corporation of India (FCI) and state agencies are, however, much lower than the…

May 30, 2022 19:26 IST

Several countries approach India for wheat imports

Sources said the government is actively considering requests from these countries to allow wheat exports.

May 28, 2022 04:45 IST

On May 14, India, the world's second biggest producer of the cereal, announced a ban on wheat exports as a part of measures to control rising domestic prices amid concerns of output being hit by scorching heatwave.

No wheat shortage in India, ban imposed to check ‘rampant’ export: Narendra Singh Tomar

“For us, the nation’s interest comes first. And that is why there was no shortage of wheat in the country.…

May 27, 2022 18:26 IST

"Currently there's instability in the world, if we were to do that (lift the ban), it would only help black marketeers, hoarders and speculators. Neither will it help the really vulnerable and needy countries," Goyal said when asked if New Delhi had any plans to allow private exports to resume.

World Economic Forum 2022: India has no immediate plan to lift wheat export ban, says Piyush Goyal

The world’s second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching…

May 25, 2022 18:09 IST

Govt cracks down on ‘fake LCs’ for wheat exports Premium Story

LCs to export over 1 MT submitted against govt estimate of 0.4 MT

Updated: May 24, 2022 09:55 IST

Stranded ships with over 0.26 MT wheat at Kandla port get nod to depart

Sources said there is around 1 MT of wheat yet to be shipped from Kandla port, as the government is…

May 24, 2022 00:20 IST

In the second advance estimate released in February, the production was seen at 316.06 MT.

Third advance estimate: Food grain output seen at record 314 million tonne

Production lower than previous estimate on lower wheat production

May 20, 2022 06:30 IST

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