-
Sitharaman's comments came a few days after the government banned exports of onions till March 2024 to increase domestic availability and to keep prices in check
-
Exports of basmati rice during the first seven months of 2022-23 stood at USD 2.54 billion (24.10 lakh tonne), according to data provided by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Rajya Sabha.
-
The pandemic, followed by Russia’s invasion of Ukraine, inflicted back-to-back body blows on global supply chains and production, leading to shortages all around.
-
Wheat acreage is up by over 400 percent in several states. Prices are not falling despite export restrictions. The buffer stock for domestic use is down by almost 60 percent and prices may not decline in the short term, say industry insiders.
-
The government is allowing wheat shipments for which irrevocable letters of credit (L/C) were issued on or before May 13, when the ban on the export of the foodgrain was imposed with an aim to contain rising prices.
-
On May 13, the government banned wheat exports to control domestic prices.
-
In an order issued on Tuesday, the Directorate General of Foreign Trade has directed Regional Authorities to physically verify all documents of applicants for export of wheat before issuing Registration Certificates (RCs).
-
The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high. Global wheat prices surged after the decision.
-
The world's second biggest producer of wheat banned private overseas sales of the grain on May 14 after a scorching heat wave curtailed output and domestic prices hit a record high. Global wheat prices surged after the decision.
-
Sudden decision to ban wheat exports denies farmers better price realisation while offering little to consumers by way of price comfort as current inflation is more a global phenomenon
-
BVR Subrahmanyam said that the decision was taken at the right time. "There is no dramatic fall in production. I do not think there is a crisis which needs to be imagined. There is adequate food available in government stocks and private stocks," he said while addressing a joint press briefing along with counterparts in the departments of food and agriculture.
-
Following a nearly 40% rise in global rates in the aftermath of the Russia-Ukraine crisis, and also as India ramped up exports, wheat and cereal prices rose in India.
-
As countries line up for Indian wheat amid a global shortage and high prices, international trade rules may cut short exports from the country.
-
High global demand and focus on exports had kept wheat prices high in India. But now, reports of lower than anticipated yields in the major wheat-growing states of Punjab, Haryana and Uttar Pradesh could change India's production and export estimates.
-
India’s wheat exports climbed more than fourfold to about 6 million tons in the 10 months ended January 31, from 1.38 million tons a year earlier, according to the authority.
-
Govt procurement of wheat, which begins in April, is set to receive a slow response in major states as market prices remain above MSP. Global prices and the demand for Indian wheat will determine whether export restriction is mandated.
-
"The buyers, who are worried about supply disruptions from Ukraine and Russia, know that only India can be a big, steady supplier of wheat at this point of time, and that's why they have turned to India," the dealer said.
-
As the country has adequate wheat stock and the government has control over procurement, a well-devised export strategy can be a win-win for both farmers and traders
-
The standoff can affect India’s commodity markets and upset its energy plans.
-
India will consider allowing another 2 million tonnes of wheat exports at a cabinet meeting on Friday, Food Minister K.V. Thomas told Reuters on Wednesday.
-
India's wheat exports are likely to grow by 23 per cent to 8 million tonne in the marketing year starting April due to strong global prices and surplus domestic supply, according to a report.
-
The government today approved export of two million tonnes of wheat from its buffer stock in order to clear storage space for new crops.
-
The government today decided to lift four year-old ban on wheat exports but prohibited onion exports to control its rising prices.
-
The Minimum Export Price (MEP) of three non-basmati rice varieties, Sona Masuri, Ponni Samba and Matta was reduced from USD 850 per tonne to USD 600 per tonne by the government on August 14, 2011.
-
Clearing the air over wheat exports, food and commerce ministers today said it is up to the Empowered Group of Ministers (EGoM) to take a call on the issue.
