Food security key to wheat export limits: Govt

Food Minister Pralhad Joshi stated the government will consider easing wheat product export restrictions after assessing the planting and production outlook for the season. The flour milling industry requested permission to export up to 1 million ...

Agencies
New Delhi: The government will consider easing restrictions on the export of wheat products only after assessing this season's planting and production outlook, food minister Pralhad Joshi said on Wednesday. The flour milling industry had requested the government to permit shipments of up to 1 million tonnes of processed wheat products such as maida, suji and atta. At present, exports of wheat flour are restricted, with shipments allowed only under the Advance Import Authorisation scheme.

"We will evaluate availability and food security concerns before arriving at any decision," Joshi said, addressing the annual conference of the Roller Flour Millers' Federation of India in Delhi.

The federation, which represents hundreds of millers, has urged the government to provide long-term clarity on its wheat policy, particularly the Open Market Sale Policy that governs state releases of grain. With government stocks largely comfortable, the federation said phased liberalisation of exports would give farmers better prices and allow Indian producers to reclaim market share abroad.


"Allowing free movement of wheat-based products would help us tap global demand and restore India's position as a reliable supplier," the federation said in a statement.

Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Foreign Trade › Food security key to wheat export limits: Govt
Text Size:AAA
Success
This article has been saved

*

+