Google search engine
HomeBusinessIndia says no plans for now to curb food exports - Times...

India says no plans for now to curb food exports – Times of India

NEW DELHI: India has no plans to curb food exports for now, Piyush Goyal, the minister for commerce and trade, shopper affairs and food and public distribution stated on Friday, weeks after New Delhi banned non-public wheat exports.
“As of now we do not see the need to do it on any other commodity,” Goyal stated answering a question whether or not the federal government of Prime Minister Narendra Modi was contemplating banning the export of food merchandise akin to rice.
India banned wheat exports on May 14, simply days after New Delhi forecast report shipments of 10 million tonnes this yr, as a warmth wave hit output and despatched home costs to report highs. learn extra
A couple of weeks later, India imposed restrictions on sugar exports for the primary time in six years by capping this season’s exports at 10 million tonnes to forestall a surge in home costs after mills bought a report quantity on the world market. learn extra
The authorities’s shock determination to ban wheat exports and limit sugar exports had raised doubts about some curbs on abroad gross sales of rice as nicely.
In the fiscal yr to March 2022, India, the world’s largest rice exporter, bought a report 21.2 million tonnes of the grain on the worldwide market, up from 17.8 million tonnes within the earlier yr.
Late final month, authorities and trade officers advised Reuters that India didn’t plan to curb rice exports. learn extra
Crop-nourishing monsoon rains will play an essential position in figuring out this yr’s rice harvests, and plentiful monsoon rains will assist New Delhi preserve its preeminent place within the international rice commerce. learn extra
Goyal additionally stated a authorities panel is presently analyzing requests from overseas governments for provides of wheat.
India would take into account “genuine requirements” for wheat of different nations, he stated.
Separately, overseas minister Subrahmanyam Jaishankar stated: “Foreign ministers of some countries have called me up (for wheat from India) and we have assured them that they would have access to our markets.”

Source hyperlink



Please enter your comment!
Please enter your name here

- Advertisment -
Google search engine

Most Popular

Recent Comments

English हिन्दी
%d bloggers like this: