It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments
Representational image. Pic/iStock
India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification.
ADVERTISEMENT
However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13. "The export policy of wheat is prohibited with immediate effect," the DGFT said.
It also clarified that wheat exports will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments. In a separate notification, the DGFT announced the easing of export conditions for onion seeds. "The export policy of onion seeds has been put under the restricted category, with immediate fact," it said. The export of onion seeds was earlier prohibited.
This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever
Subscribe today by clicking the link and stay updated with the latest news!" Click here!
