New Delhi: The Centre today stated that it has permitted wheat consignments. It was registered with customs authority before the wheat export ban came into force last week.
The commerce Ministry in a statement said, “It has been decided that wherever wheat consignments have been handed over to Customs for examination and have been registered into their systems on or prior to May 13, such consignments would be allowed to be exported.”
Following a request by the Egyptian government, the Centre has also allowed a wheat consignment headed for Egypt. The consignment was already under loading at the Kandla port, the statement said.
On May 13 the court had banned export of Wheat. The ban came as part of its steps to control the spike in prices at home.
The Directorate General of Foreign Trade (DGFT) issued a notification over this step taken by the government. The notification said that the government had taken the decision “in order to manage the overall food security of the country and to support the needs of the neighbouring and other vulnerable countries”.
The limits would not apply in circumstances when private traders have made prior commitments through Letters of Credit, or where the government grants authorization to other countries to meet their food security needs and on their governments’ requests, according to the notification.
As per the Commerce Ministry, the order had three main motives of ensuring India’s food security and check inflation, help other countries facing food deficit, and maintain India’s reliability as a supplier.
“The order also aimed to provide a clear direction to the wheat market to prevent hoarding of wheat supplies,” the ministry said.
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