India’s surprise wheat export ban traps 1.8 mln T at ports: Report
2 years, 7 months ago

India’s surprise wheat export ban traps 1.8 mln T at ports: Report

Live Mint  

India's wheat export ban has trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market, four dealers told Reuters. But of the around 2.2 million tonnes of wheat currently at ports or in transit there, traders have LCs for only 400,000 tonnes, a Mumbai-based dealer with a global trading firm said. They may have to re-sell those cargoes into the weaker domestic market, which has been under fresh price pressure since the export ban news emerged, a New Delhi-based trader with a global trading firm said, and will also have to pay reloading and transport costs. Strong export demand and an assumption that the government would support shipments of at least 8 million-10 million tonnes encouraged exporters to move cargoes to ports after making purchases from farmers, said a New Delhi-based dealer with a global trading house.

Global India New Delhi Million Tonnes Ban Trader Wheat Exports  report  indias  export  surprise  ports  trading  million  mln  global  tonnes  wheat  exports  traps  18  ban  trader

History of this topic

India plans to reduce wheat import duty from July in a bid to cool prices
6 months ago

India plans to reduce wheat import duty from July in a bid to cool prices

Live Mint  

India is set to resume wheat imports by lowering the duty on inbound shipments while also imposing stock limits on the grain, three officials said, in a new attempt to tame prices and boost supplies. Also this | Govt misses wheat procurement target for second consecutive year, procures 26.6 mt—28.7% lower than target “As per my understanding and discussions at …

India set for wheat imports after six years, to shore up reserves
6 months, 3 weeks ago

India set for wheat imports after six years, to shore up reserves

Hindustan Times  

* India set for wheat imports after six years, to shore up reserves India expected to scrap wheat import duty after June * Traders, flour millers likely to import wheat from Russia * New Delhi expected to restore wheat import tax after Sept * India aims for wheat reserves of 10 mln tons By Mayank Bhardwaj and Rajendra Jadhav NEW …

Govt targets wheat hoarders, halves stock limits again
10 months, 2 weeks ago

Govt targets wheat hoarders, halves stock limits again

Live Mint  

The Union government has imposed another round of curbs on stocking of wheat, drastically lowering the limit for the second time since December as it seeks to prevent hoarding and speculation that could spike prices. “Officials of Central and state governments will be closely monitoring enforcement of these stock limits to ensure that no artificial scarcity of wheat is created …

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report
1 year, 4 months ago

India considering to import 8-9 million tonnes of wheat from Russia amid inflation: Report

India TV News  

India is reportedly in talks with Russia to import 8 to 9 million tonnes of wheat to help reduce the prices of the commodity in the domestic market, reported TASS news agency citing The Economic Times. Despite India needing only 3 to 4 million metric tonnes of wheat to plug a shortfall, it is considering a bigger import to have …

India likely to continue curbs on wheat, rice exports
1 year, 10 months ago

India likely to continue curbs on wheat, rice exports

Hindustan Times  

India may extend its ban on wheat exports beyond March and continue curbs on overseas shipments of non-premium varieties of rice to cool local prices and expand the government’s purchases of cereal stocks, which are at their lowest level in five years, two people familiar with the development said. The government banned wheat exports in May last year as overseas …

Centre may continue curbs on wheat export
1 year, 10 months ago

Centre may continue curbs on wheat export

Live Mint  

New Delhi: India may extend its ban on wheat exports beyond March and continue to curb shipments of non-premium rice to tamp down local prices while expanding purchases of cereal stocks that are at their lowest in five years, two people familiar with the development said. The government banned wheat export in May 2022 as shipments quickened due to the …

India to offer 3 million tonnes wheat to bulk consumers to cool prices
1 year, 11 months ago

India to offer 3 million tonnes wheat to bulk consumers to cool prices

Live Mint  

India will provide 3 million tonnes of wheat to bulk consumers such as flour millers, as part of efforts to bring down prices, which jumped to a record high on Wednesday, a government official told Reuters. "There's this consensus that bulk users will be allowed to buy up to 3 million tonnes of wheat from government stocks," said the official …

India allows exports of wheat flour processed from imported grain
2 years, 2 months ago

India allows exports of wheat flour processed from imported grain

Live Mint  

India has allowed export-oriented units and the firms set up in Special Economic Zones to export flour made from imported wheat, a government order said on Friday, conceding to the demands of food processors to allow shipments of value-added products. Wheat exports from India, also the world's second biggest consumer of the staple, surged after Russia's invasion of Ukraine hit …

1 million tonne grain stuck at ports, buyers refuse to pay export duty
2 years, 3 months ago

1 million tonne grain stuck at ports, buyers refuse to pay export duty

Live Mint  

Rice loading has stopped at Indian ports and nearly one million tonnes of grain are trapped there as buyers refuse to pay the government's new 20% export levy on top of the agreed contract price, five exporters told Reuters on Friday. India banned exports of broken rice and imposed a 20% duty on exports of various other types on Thursday …

India’s rice export ban to further strain global good supplies
2 years, 3 months ago

India’s rice export ban to further strain global good supplies

Live Mint  

India banned exports of broken rice and levied a tax on other key varieties in a move that would add to global inflationary pressure and exacerbate food supply pains caused by the war in Ukraine. Global buyers are depending on India—the world’s top rice exporter—to shore up food supplies since Russia invaded Ukraine, a major wheat grower, which roiled global …

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters
2 years, 3 months ago

Rice exports may fall by 4-5 MT post ban on broken rice, 20% duty, say exporters

The Hindu  

India’s rice exports could fall by 4-5 million tonnes this fiscal year due to the ban on broken rice as well as export duty on non-basmati rice, except for parboiled grains, exporters said. “The exports may fall to 16-17 MT in this financial year because of the ban on broken rice and 20% export duty,” All India Rice Exporters Association …

India could soon approve sugar exports in two tranches: Report
2 years, 3 months ago

India could soon approve sugar exports in two tranches: Report

Live Mint  

India is set to allow sugar exports in two tranches for the next season beginning in October, as the world's biggest producer of the sweetener tries to balance the interests of its farmers and consumers, government and industry officials told Reuters. New Delhi could allow exports of 7 million to 8 million tonnes in the next season, said a senior …

Govt Bans Export of Wheat Flour, Maida, Semolina
2 years, 3 months ago

Govt Bans Export of Wheat Flour, Maida, Semolina

News 18  

After banning wheat exports in May, the government on Saturday prohibited exports of wheat flour, maida, semolina and wholemeal aata with a view to curb rising prices. “The Cabinet Committee on Economic Affairs…has approved the proposal for amendment of policy of exemption for wheat or meslin flour from export restrictions/ban,” an official statement has said. Wheat flour exports from India …

India has no shortage of foodgrain, assures Agricultural minister
2 years, 4 months ago

India has no shortage of foodgrain, assures Agricultural minister

Live Mint  

Foodgrain supplies in the nation are adequate to satisfy demand, according to Agricultural Minister Narendra Singh Tomar's written response to Parliament on August 2. “As on 01.07.2022, the actual stock of wheat is 285.10 lakh metric tonnes against the buffer norm of 275.80 lakh metric tonnes,” the minister told the Lok Sabha. To prevent a shortage of wheat for domestic …

Govt puts curb on wheat flour to contain rising price
2 years, 5 months ago

Govt puts curb on wheat flour to contain rising price

India TV News  

Wheat flour export ban: The government has decided to restrict export of wheat flour, maida and semolina to contain the rising price. "Export policy of wheat flour remains free but export shall be subject to recommendation of inter-ministerial committee on export of wheat," the Directorate General of Foreign Trade said in a notification. In a statement said a moratorium has …

India exported 1.8 million tonnes wheat to several countries since ban: Food Secretary
2 years, 5 months ago

India exported 1.8 million tonnes wheat to several countries since ban: Food Secretary

The Hindu  

India has exported 1.8 million tonnes of wheat to a dozen-odd countries, including Bangladesh and Afghanistan, since the country banned exports of the grain on May 13, according to Food Secretary Sudhanshu Pandey. The Secretary said, “It is important here to explain that the recent decision by the Government of India to bring about regulation on wheat exports was essentially …

India exported nearly 30 lakh tonnes of wheat in 2022: Govt
2 years, 6 months ago

India exported nearly 30 lakh tonnes of wheat in 2022: Govt

Live Mint  

The Union government has exported nearly 30 lakh tonnes of wheat in 2022 so far and is mulling requests from some countries for the supply of the grain, the government said on 22 June. Responding on the issue of plans to ban wheat flour export, Food Secretary Sudhansu Pandey said the government is monitoring the situation and would take steps …

UAE suspends exports and re-exports of Indian wheat for four months
2 years, 6 months ago

UAE suspends exports and re-exports of Indian wheat for four months

India TV News  

Highlights Gulf nation's move follows India banning export of wheat last month With this, Indian wheat cannot be rooted to third countries via the UAE India and UAE had in Feb signed Comprehensive Economic Partnership Trade Agreement The United Arab Emirates Wednesday ordered a suspension of exports and re-exports of wheat and wheat flour originating from India for four months. …

Is the ban on wheat exports good policy?
2 years, 6 months ago

Is the ban on wheat exports good policy?

The Hindu  

Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The government may have acted for these reasons, but it has hurt farmers’ incomes and the impact on inflation may not be very high because global food prices are still high. Explained | Why India, world’s largest producer of sugar, …

Is the ban on wheat exports good policy? | The Hindu Parley podcast
2 years, 6 months ago

Is the ban on wheat exports good policy? | The Hindu Parley podcast

The Hindu  

Over the last month, the government has banned the export of wheat and imposed quantitative restrictions on outbound sugar shipments. The wheat export ban came within days of a push to enhance India’s wheat supplies to the rest of the world after Russia’s invasion of Ukraine. The move came in the midst of persistently high inflation, spurred by rising food …

India asked to supply more than 1.5 million tonnes wheat
2 years, 6 months ago

India asked to supply more than 1.5 million tonnes wheat

Live Mint  

India has received requests for the supply of more than 1.5 million tonnes of wheat from several countries that need the staple to overcome shortages triggered by the invasion of Ukraine by Russia, trade and government sources said on Monday. "More than half a dozen countries have approached India for more than 1.5 million tonnes of wheat and we will …

After wheat and sugar, curb on rice exports next?
2 years, 6 months ago

After wheat and sugar, curb on rice exports next?

Firstpost  

Some have warned that a curb on rice exports could further upset the global community that is already irked over the wheat and sugar export ban After the Indian government curbed exports of wheat and sugar, now rice could be next to ensure enough domestic supply and stave off a price hike. Some have warned that a curb on rice …

Wheat confusion: The Hindu Editorial on India’s restriction on wheat export
2 years, 7 months ago

Wheat confusion: The Hindu Editorial on India’s restriction on wheat export

The Hindu  

India, which surprised the world with its decision to bar wheat export with immediate effect, appears to be on the defensive now after its May 13 announcement. Addressing a UN “Global Food Security Call to Action” ministerial meeting a few days ago in New York, Minister of State for External Affairs V. Muraleedharan emphasised that the restrictions made allowance for …

India exported wheat worth $177 mn in March, $473 mn in April
2 years, 7 months ago

India exported wheat worth $177 mn in March, $473 mn in April

The Hindu  

India has exported wheat worth $177 million in March and $473 million in April even after the Russia-Ukraine conflict started in late February to help other countries overcome food crisis, sources said. According to them, India exported wheat even at a time when about eight nations, including Ukraine, Belarus, Turkey, Egypt, Kazakhstan and Kuwait, had imposed wheat export restrictions. "Still, …

India bans wheat export: From Argentina to Turkey, countries that have stopped overseas food trade
2 years, 7 months ago

India bans wheat export: From Argentina to Turkey, countries that have stopped overseas food trade

Firstpost  

The West criticised India’s decision to impose a ban on wheat exports after costs rose and a record-breaking heatwave damaged crops. However, India isn’t the only country doing so after the Russia-Ukraine war broke out, which drove up food prices across the world In April, when the world began reeling from a wheat shortage owing to the Russia-Ukraine war, India …

'Shouldn't Go Way of Covid Jabs': Criticised for Wheat Export Ban Amid Rise in Food Prices, India Slams West
2 years, 7 months ago

'Shouldn't Go Way of Covid Jabs': Criticised for Wheat Export Ban Amid Rise in Food Prices, India Slams West

News 18  

Voicing its concern over hoarding and discrimination amid the unjustified increase in food prices, India has called out the West and said food grains should not go the way of the Covid-19 vaccines. In order to manage our own overall food security and support the needs of neighbouring and other vulnerable developing countries, we have announced some measures regarding wheat …

Wheat caught in crossfire: How an export ban is affecting wheat prices
2 years, 7 months ago

Wheat caught in crossfire: How an export ban is affecting wheat prices

India Today  

From war to heatwaves and floods to drought, wheat, a crucial global food, is under attack and is getting more expensive day by day. After India suspended global sales, wheat prices jumped internationally even as they started plunging in the domestic market. IN NUMBERS: The latest government estimate shows that wheat production will be five per cent lower than last …

Domestic wheat prices fall up to 8 per cent after India bans exports
2 years, 7 months ago

Domestic wheat prices fall up to 8 per cent after India bans exports

Op India  

Following the restrictions imposed by the Government of India on wheat export, the price of wheat is coming down for the consumers. Anjani Agarwal, president of Roller and Flour Millers Federation of India, said in a statement that the timely ban on wheat export would increase domestic availability. He said, “The decision to ban wheat export was timely, and it …

Govt. amends curbs on wheat export
2 years, 7 months ago

Govt. amends curbs on wheat export

The Hindu  

The Centre has amended its wheat export ban order of May 13 to allow export consignments that were registered in the Customs Department’s systems and handed over for examination on or prior to May 13 to be shipped out, the Commerce and Industry Ministry said on Tuesday. Reiterating the intent behind last week’s ban order, the ministry said the decision …

U.S. hopes India would reconsider wheat export ban
2 years, 7 months ago

U.S. hopes India would reconsider wheat export ban

The Hindu  

The U.S. hopes India will “reconsider” its decision to ban wheat exports, with Washington “encouraging" countries not to restrict exports as that will exacerbate food shortages, amidst Russia's invasion of Ukraine. On May 19, Secretary of State Antony Blinken will preside over an open debate on the ‘Maintenance of International Peace and Security: Conflict and Food Security.’ On the eve …

Wheat Export Ban: DGFT Asks Authorities To Issue Registration of Contracts To Exporters; Check Details
2 years, 7 months ago

Wheat Export Ban: DGFT Asks Authorities To Issue Registration of Contracts To Exporters; Check Details

News 18  

Even as the wheat export ban by the government has some exemptions where the outbound shipment can be allowed, the Directorate General of Foreign Trade has asked authorities to issue registration of contracts to the wheat exporters who have irrevocable letters of credit. The government last week banned the export of wheat with immediate effect in order to control food …

After India declared 'wheat export ban', global prices hit record high
2 years, 7 months ago

After India declared 'wheat export ban', global prices hit record high

India TV News  

Highlights Wheat prices increased globally after India imposed a ban on exports Wheat prices risen over 60% this year, driven up by disruption from Russia's invasion of Ukraine The two European countries account for almost a third of the world's wheat exports Wheat prices increased after India imposed a ban on exports, stoking pressure on food costs as tight global …

Govt allows exporting wheat consignments registered with customs before ban order
2 years, 7 months ago

Govt allows exporting wheat consignments registered with customs before ban order

India TV News  

Highlights On May 13 this year, the DGFT had notified the ban on export of wheat The govt had earlier restricted wheat exports to manage the overall food security situation in India Now the govt has allowed wheat consignments registered with the customs authority Relaxing norms, the government on Tuesday said it has decided to allow shipments of wheat consignments …

India’s wheat supplies for food schemes will be tight, data show
2 years, 7 months ago

India’s wheat supplies for food schemes will be tight, data show

Hindustan Times  

New Delhi: India’s federally-held wheat stocks in 2022-23 are set to dip to a 13-year low, barring 2016-17, and the government’s own purchases will be the lowest in 15 years. According to food secretary Sudhanshu Pandey, the country’s opening stocks of wheat was 19 million tonne, lower than last year’s balance of 27.3 million tonne. “So, if you total up, …

India's surprise wheat export ban traps 1.8 MT at ports: trade
2 years, 7 months ago

India's surprise wheat export ban traps 1.8 MT at ports: trade

The Hindu  

India's wheat export ban has trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market, four dealers told Reuters. But of the about 2.2 million tonnes of wheat currently at ports or in transit there, traders have LCs for only 4,00,000 tonnes, a Mumbai-based dealer with …

Wheat prices hit record high as India restricts exports
2 years, 7 months ago

Wheat prices hit record high as India restricts exports

Live Mint  

Wheat prices surged to a record high on Monday after India decided to ban exports of the commodity as a heatwave hit production. "Now, the agriculture ministers from G7 urge India not to ban wheat exports, then why won't G7 nations themselves move to stabilize food market supply by hiking their exports?" According to the GT, if some Western countries …

Wheat Crisis: Procurement For States Extended; Know Details On India's Export Ban
2 years, 7 months ago

Wheat Crisis: Procurement For States Extended; Know Details On India's Export Ban

News 18  

Amid requests by state governments and UTs to continue the procurement process, the Centre has asked wheat-producing states and UTs with procurement closing dates expiring early to continue procurement till May 31, 2022. Wheat procurement has been extended till May 31 in six states, including Uttar Pradesh and Madhya Pradesh, where it was to end early this month, the food …

India open to exporting wheat to needy nations despite ban
2 years, 7 months ago

India open to exporting wheat to needy nations despite ban

Associated Press  

NEW DELHI — India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July. He said India’s wheat production this year …

Wheat Crisis Explained: What Led To India's Export Ban, Will Prices Fall Now?
2 years, 7 months ago

Wheat Crisis Explained: What Led To India's Export Ban, Will Prices Fall Now?

News 18  

The government has banned the export of wheat with immediate effect in order to control food prices in the domestic market. The daily average retail price of wheat has increased 19.34 per cent to Rs 29.49 per kg on May 9, compared with Rs 24.71 per kg a year ago. Food Secretary Sudhanshu Pandey has said retail prices of wheat …

'No threat to food security', says Central Government after wheat export ban
2 years, 7 months ago

'No threat to food security', says Central Government after wheat export ban

India TV News  

Highlights We have adequate food stocks, there is no threat to food security, said government on wheat export Wheat production last year was 1,095 LMT and wheat procurement was 433 LMT Wholesale, retail price of wheat had been increasing consistently due to exports & demands Hours after it imposed a ban on wheat export, the government on Saturday said it …

Banning wheat exports will worsen crisis: G7 nations criticise India's move
2 years, 7 months ago

Banning wheat exports will worsen crisis: G7 nations criticise India's move

India Today  

After India banned wheat exports, G7 nations condemned India's decision as German agriculture minister Cem Ozdemir said it "would worsen the crisis." Meanwhile, the German agriculture minister, Cem Ozdemir, while commenting on India's decision to ban wheat exports, said: "If everyone starts to impose export restrictions or to close markets, that would worsen the crisis." READ | Why wheat prices …

India bans exports of wheat, citing threat to food security
2 years, 7 months ago

India bans exports of wheat, citing threat to food security

Associated Press  

NEW DELHI — India has banned exports of wheat effective immediately, citing a risk to its food security, partly due to the war in Ukraine. A notice in the government gazette by the Directorate of Foreign Trade, dated Friday, said a spike in global prices for wheat was threatening the food security of India and neighboring and vulnerable countries. Apart …

India bans exports of wheat, citing threat to food security
2 years, 7 months ago

India bans exports of wheat, citing threat to food security

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

India Bans Wheat Export With Immediate Effect to Manage Rising Inflation; Know More
2 years, 7 months ago

India Bans Wheat Export With Immediate Effect to Manage Rising Inflation; Know More

News 18  

India has put a ban on the export of wheat with immediate effect, the ministry of commerce said in a notification in a late Friday night notification. The Directorate General of Foreign Trade in the notification dated May 13 has said that the wheat export ban was imposed due to a sudden rise in the price of the food grain …

India prohibits wheat export after decadal high in prices reported
2 years, 7 months ago

India prohibits wheat export after decadal high in prices reported

Hindustan Times  

In an apparent bid to curb local price surge, India has temporarily banned wheat exports with immediate effect. "The export policy of wheat … is prohibited with immediate effect…," the Directorate General of Foreign Trade said in a notification on Friday night. However, wheat exports will be allowed on the basis of permission granted by the government to other countries …

India prohibits wheat exports with immediate effect to curb rising prices
2 years, 7 months ago

India prohibits wheat exports with immediate effect to curb rising prices

India Today  

India has prohibited wheat exports with immediate effect, the government said in a notification late on Friday, as the world's second-biggest wheat producer tries to calm local prices. Global buyers were banking on India for wheat supplies after exports from the Black Sea region plunged since Russia invaded Ukraine in late February. The prices of wheat and wheat products in …

India bans wheat exports, cites food security and soaring prices
2 years, 7 months ago

India bans wheat exports, cites food security and soaring prices

Al Jazeera  

India has banned exports of wheat effective immediately, citing a risk to food security, partly due to the war in Ukraine and as a scorching heatwave curtailed output and domestic prices hit a record high. Although not one of the world’s top wheat exporters, India’s ban could drive global prices to new peaks given already tight supply, hitting poor consumers …

As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April
2 years, 7 months ago

As Black Sea supplies fall, India sells record 1.4 million tonnes wheat in April

The Hindu  

India exported a record 1.4 million tonnes of wheat in April, four trade sources said, providing some relief to grain markets as buyers scramble for alternatives to Black Sea supplies hit hard by the war in Ukraine. India, the world's second biggest wheat producer, exported a record 7 million tonnes of the grain in fiscal 2021-22. As supplies dropped from …

Explained | What are India’s plans to avert a wheat crisis?
2 years, 7 months ago

Explained | What are India’s plans to avert a wheat crisis?

The Hindu  

The story so far: On May 4, the government lowered its wheat production estimates by 5.7% to 105 million tonnes from the projected 111.32 MT for the crop year ending June. This year the government’s wheat purchase has seen a dip owing to several reasons from lower yield to higher market prices being offered by private traders. An agriculture domain …

Discover Related