India bans wheat exports with immediate effect
PTI, May 14, 2022, 9:02 AM IST
Representative Image (Source: iStock)
New Delhi: India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to an official notification.
However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. ”The export policy of wheat … is prohibited with immediate effect…,” the DGFT said.
It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.
In a separate notification, the DGFT announced the easing of export conditions for onion seeds.
”The export policy of onion seeds has been put under the restricted category, with immediate fact,” it said.
The export of onion seeds was earlier prohibited.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Sensex, Nifty decline on selling in IT shares, FII sellout; end Samvat 2080 with 22% gains
Sensex, Nifty decline in early trade on unabated foreign fund outflows, selling in IT stocks
Gold surges Rs 1,000 to breach Rs 82k-mark as Diwali sparkles demand
Car makers witness record sales on Dhanteras; Oct bookings up by 30%
Dhanteras begins on slow note; Jewellers expect footfalls to increase
MUST WATCH
Latest Additions
Tejasvi Surya hits out at Kharge, CMs of Cong-ruled states over poll promises
IPL Retention: Kohli drops hints of completing 20 years with RCB till 2027
Shah Rukh Khan turns 59, fans wait outside Mannat to catch superstar’s glimpse
Farooq Abdullah seeks inquiry into spike in terror attacks in Valley since Omar’s swearing-in
Sabarimala pilgrims to get free insurance coverage of Rs five lakh
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.