New Delhi: India has no plans to curb this food export for now, Piyush GoyalWeeks after New Delhi banned the export of private wheat, the Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution said on Friday.
Responding to a question, Goyal said, “Right now we do not see the need to do this on any other commodity. Narendra Modi was considering banning the export of food products like rice.
India banned wheat exports on May 14, just days after New Delhi forecast a record shipment of 10 million tonnes this year as a heat wave hit production and sent domestic prices to record highs. Gave. read more
A few weeks later, India banned sugar exports for the first time in six years, limiting this season’s exports to 10 million tonnes to arrest a jump in domestic prices following record volume sales by mills in the world market. read more
The surprise decision of the government to ban the export of wheat and the export of sugar had raised doubts about some restrictions on foreign sales of rice as well.
From the fiscal year to March 2022, India, the world’s largest rice exporter, sold a record 21.2 million tonnes of grain in the global market, up from 17.8 million tonnes in the previous year.
Late last month, government and industry officials told Reuters that India did not plan to curb rice exports. read more
Crop-nourishing monsoon rains will play an important role in determining this year’s rice harvest, and plentiful monsoon rains will help New Delhi retain its dominant position in the global rice trade. read more
Goyal also said that a government panel is currently examining requests from foreign governments for supply of wheat.
He said India would consider “actual requirements” for wheat from other countries.
Separately, External Affairs Minister Subrahmanyam Jaishankar said: “Foreign ministers of some countries have called me (for wheat from India) and we have assured them that they will have access to our markets.”
Responding to a question, Goyal said, “Right now we do not see the need to do this on any other commodity. Narendra Modi was considering banning the export of food products like rice.
India banned wheat exports on May 14, just days after New Delhi forecast a record shipment of 10 million tonnes this year as a heat wave hit production and sent domestic prices to record highs. Gave. read more
A few weeks later, India banned sugar exports for the first time in six years, limiting this season’s exports to 10 million tonnes to arrest a jump in domestic prices following record volume sales by mills in the world market. read more
The surprise decision of the government to ban the export of wheat and the export of sugar had raised doubts about some restrictions on foreign sales of rice as well.
From the fiscal year to March 2022, India, the world’s largest rice exporter, sold a record 21.2 million tonnes of grain in the global market, up from 17.8 million tonnes in the previous year.
Late last month, government and industry officials told Reuters that India did not plan to curb rice exports. read more
Crop-nourishing monsoon rains will play an important role in determining this year’s rice harvest, and plentiful monsoon rains will help New Delhi retain its dominant position in the global rice trade. read more
Goyal also said that a government panel is currently examining requests from foreign governments for supply of wheat.
He said India would consider “actual requirements” for wheat from other countries.
Separately, External Affairs Minister Subrahmanyam Jaishankar said: “Foreign ministers of some countries have called me (for wheat from India) and we have assured them that they will have access to our markets.”