Exceptions were allowed for shipments backed by letters of credit that had already been issued and those to countries that requested supplies to meet their food security needs
Fodder prices in Rajasthan's Hanumangarh district have risen many times over, forcing those who own animals that do not provide milk, or very little milk, to release their cattle to roam the streets
Turkey's decision comes at a time when international buyers have been looking to secure supplies of wheat
Union Minister Kailash Choudhary on Sunday said the Centre had placed a ban on wheat exports to ensure adequate availability of the food grain in the country. The ban was put in place on May 14 in order to control domestic prices amid concern that wheat output may be hit due to a prevailing heatwave. "For us the country is first and our priority is to make available adequate wheat to our citizens, We have banned wheat export so that people don't face shortage," the Union Minister of State for Agriculture and Farmers' Welfare told reporters here. India's wheat exports stood at an all-time high of 7 million tonnes, valued at USD 2.05 billion, in 2021-22, with over 50 per cent being bought by neighbouring Bangladesh. Queried on whether the Centre would provide financial relief to farmers facing losses due to the sudden ban on exports, Choudhary only said the government buys produce at minimum support price. Listing the Narendra Modi government's schemes for the farming sector, Choud
The crisis is directly related to India's deteriorating relationship with China and is exacerbated by the ongoing Russo-Ukrainian war
The government data highlighted that India's expected production of wheat for 2022-23 remains at near 105 million metric tonnes (MMT)
On paper, the upcoming Davos meeting would be perfectly suited for resolving these conflicts. History, however, does not provide much encouragement or optimism
Farmers have been holding on to their produce as the price of wheat in the open market recouped some of the losses it suffered in the aftermath of the ban
Overall food grains production was estimated to be 314.51 million tonnes, more than the 310.74 million tonnes last year.
Open markets must not become an argument to perpetuate inequity and promote discrimination: Minister of State for External Affairs V Muraleedharan
India said it would still allow exports backed by letters of credit that were already issued, and sales to countries that request supplies "to meet their food security needs"
Egypt's government has agreed to buy half a million tonnes of wheat from India, Egyptian Supply Minister Aly Moselhy said on Sunday.
Trade sources said the decision to ban all sorts of wheat exports with immediate effect will immediately cool down the market prices of wheat and bring it closer to the MSP of Rs 2,015 per quintal
Exporters' mandatory registration on cards; PMO to decide on export ban
If the Chinese harvest is bad in the coming weeks, it could drive food prices up further, compounding hunger and poverty in the world's poorest countries
Here are the top Business Standard headlines on Friday
India is the only major supplier of wheat at this time of year, and its exports of the grain have surged since Russia invaded Ukraine in late February
India is the only major supplier of wheat at this time of year, and its exports of the grain have surged since Russia invaded Ukraine in late February
India has a wheat stockpile estimated at about 100 million tonnes, which exceeds the requirements for a safety net
India's chances of becoming a stable supplier of wheat are limited in the absence of a long-term policy on foodgrain exports