Govt allows exports of 25 lakh tonnes of wheat

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New Delhi, Feb 24: The government on Tuesday permitted exports of 25 lakh tonnes of wheat, according to a commerce ministry notification.
The decision was taken earlier this month, but the directorate general of foreign trade (DGFT) notified it on Tuesday.
“The export policy of Wheat …continues to remain prohibited. However, export of 25 Lakh Metric Tonnes (LMT) of Wheat is permitted,” the DGFT said.
This decision was taken in January by the Centre.
The government said that the detailed modalities for this purpose shall be notified separately.
“The export of wheat flour and related products shall continue to remain prohibited. However, export of an additional 5 LMT (lakh tonnes) of wheat flour and related products is allowed,” the DGFT said in a separate notification.
It added that exports are also allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments, over and above 25 lakh tonnes.
On February 13, the government announced this decision to stabilise domestic markets and ensure remunerative returns to farmers amid a comfortable stock position. (PTI)

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