Home / Economy / News / Don't want surplus wheat, sugar to go in hand of hoarders: Goyal at WEF

Don't want surplus wheat, sugar to go in hand of hoarders: Goyal at WEF

22 countries have food regulations to protect their own food security, says union commerce minister

Premium

2 min read Last Updated : May 25 2022 | 11:10 PM IST

Commerce and industry minister Piyush Goyal on Wednesday defended India’s decision to impose curbs on export of wheat and sugar, stating that the government didn’t want any surplus to go into the hands of hoarders who would then charge a huge amount from poorer nations.

The decision on export curbs saw reaction from politicians across the world urging India to reconsider its decision, amid surging food prices across the world due to the Russia-Ukraine conflict.

“Every country has had regulations. There are 22 countries that have regulations on food exports to protect their food security. Different nations at different times have had

Topics : Piyush Goyal World Economic Forum Export wheat Sugar

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in