India

central government likely to ban wheat flour export zws 70 | Wheat flour export ban possible

Pune: Wheat should be abundant in the market of the country. The central government had banned wheat exports so that the impact of the hike would not fall on the common man. But now the export of wheat flour has increased. These exports were higher than in previous financial years. Therefore, the government is considering re-intervening and banning the export of wheat flour.

As soon as wheat was banned, traders resorted to exporting wheat flour. Due to the huge demand from the global market, the export of flour increased tremendously. The country exports an average of 6,000 to 8,000 tonnes of flour annually. However, since the ban on wheat exports on May 13, flour exports have suddenly increased seven to eight times. The decision to ban wheat exports is likely to be a fallacy if exports are not stopped, so the central government is seriously considering banning wheat flour exports.

Alternatives to wheat exports.

According to experts in the wheat mill industry, if no decision is taken on export ban, the export of flour will soon go up to one lakh tonnes. Therefore, since the beginning of June, there have been moves to ban the export of flour. In the last financial year, wheat flour worth २४ 24.7 million was exported. As of June this year, flour exports have increased by 274 per cent to हजार 21,200 lakh (२ 212 crore). The government is ready to intervene immediately as traders have come forward as an alternative to wheat exports.

Bangladesh is the largest importer

In the fiscal year 2021-22, India exported the highest amount of wheat worth दहा 1 trillion to Bangladesh. However, after the wheat export ban, Bangladesh, Indonesia, Oman, Yemen and the United Arab Emirates had demanded to export wheat to India through diplomatic channels. From April 1 to June 14, India exported 29.70 lakh tonnes of wheat and 2.59 lakh tonnes of wheat flour.

As wheat exports started recovering, the average market price of wheat had gone up to Rs 22-23 per kg. After the decision to ban wheat exports, the rate had come down by two to three rupees. Now, if the decision is taken to stop the export of wheat flour, the market price of wheat may come down by one or two rupees. However, this decision will adversely affect the traders and the mill industry,

Anup Shah, Wheat flour exporter, Pune

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