The government has announced certain changes to the restrictions on wheat exports issued by the Department of Commerce’s Directorate General of Foreign Trade (DGFT) on May 13th.
Wheat consignments that were handed over to Customs for scrutiny and entered into their systems on or before 13.5.2022 will be authorised to be exported.
The administration also permitted the loading of a wheat shipment bound for Egypt at the Kandla port. Following an Egyptian official appeal, the cargo was allowed to be loaded at the Kandla port.
The company in charge of exporting the wheat to Egypt, M/s Mera International India Pvt. Ltd., had also given a representation for the completion of loading of 61,500 MT of wheat, of which 44,340 MT had already been loaded and only 17,160 MT remained.
The administration decided to authorise the entire 61,500 MT consignment to sail from Kandla to Egypt.
To manage food shortages using Wheat
The Indian government had previously imposed restrictions on wheat exports in order to manage the country’s overall food security situation and to meet the needs of neighbouring and vulnerable countries that have been harmed by sudden changes in the global wheat market and are unable to obtain adequate wheat supplies.
According to the ruling. This restriction will not apply in cases. Where private trade has made prior commitments via Letters of Credit. Or when the Government of India has provided permission to other nations. To meet their food security needs and at the request of their governments.
The decree fulfilled three key purposes. It ensured India’s food security. And helped other nations facing food shortages. And it helped other countries facing food shortages.