The government imposed a ban on the export of wheat flour. India News – Times of India

NEW DELHI: The government on Thursday decided to ban the export of wheat flour to check rising commodity prices.
The decision was taken in a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister. Narendra Modi,
An official statement said the cabinet decision “will now allow a ban on the export of wheat flour which will ensure a check on the rising prices of wheat flour and ensure food security of the most vulnerable sections of the society.”
Directorate General of Foreign Trade (directorate general of foreign trade) shall issue a notification to this effect.
Russia And Ukraine are major exporters of wheat, accounting for about one-fourth of the global wheat trade. The war between the two countries has caused disruption in the global wheat supply chain, increasing the demand for Indian wheat.
As a result, there has been a rise in the prices of wheat in the domestic market.
In May, the government had banned the export of wheat to ensure the country’s food security. However, this led to a jump in the overseas demand for wheat flour.
Wheat flour exports from India have registered a growth of 200 per cent during April-July 2022 as compared to the same period of 2021.
The increasing demand for wheat flour in the international market led to a significant increase in the prices of the commodity in the domestic market.
“Earlier, there was no policy to ban or impose restrictions on export of wheat flour. Hence, there was a need for partial amendment in the policy to withdraw exemption from ban/ban on export of wheat flour to ensure food security. And rein in the rising prices of wheat flour in the country.”