The steep increase in wheat prices was in response to an export ban announced by India amidst concerns over crop conditions in several leading exporting countries, as well as reduced production prospects in Ukraine because of the war.
On May 13, the government banned wheat exports to control domestic prices
In its latest move to control the rising inflation, the Indian government has also slashed jet fuel prices by 1.3 per cent for the first time this year.
On May 19, the DGFT issued guidelines to all its regional authorities for strict compliance before issuance of Registration Certificates to the eligible...
Total wheat purchases made by the Food Corporation of India (FCI) and state agencies are, however, much lower than the year-ago period.
Tomar said it was the government's duty to maintain a balance in the market.
Goyal said a lot of misconceptions are doing the rounds on this issue and he also had separate discussions with the WTO chief as well as the IMF head on this...
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...
The government is allowing wheat shipments for which irrevocable letters of credit (LoC) were issued on or before May 13, when the ban of the export of the...
India breaks rank with the United States and Europe yet again, this time on wheat exports. The G-7 questions India’s ability to fulfil its international...
India said food grains should not go the way of Covid-19 vaccines where rich nations hoarded jabs and poor and developing ones scrambled for even initial...
On May 14, the government announced that India would be banning wheat exports. Previously, India was looking to fill the void created in the supply chain due...
Explaining the rationale behind the decision, the commerce secretary said the primary goal was to put a "check on inflation".
The export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed
