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Govt ban on export of wheat flour, maida, semolina to curb rising prices. Discuss the causes which has led to rising prices in domestic mkt
In General Discussion
Riya Giri
Sep 04, 2022
On August 25, the government decided to put restrictions on the export of wheat or meslin flour to curb rising prices of the commodity. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs (CCEA) The Cabinet Committee on Economic Affairs...has approved the proposal for amendment of policy of exemption for wheat or meslin flour from export restrictions/ban. In order to ensure food security of the country, the government put a prohibition on export of wheat in May. However, this caused a jump in overseas demand for wheat flour. Wheat flour exports from India have registered a growth of 200 per cent during April-July 2022 compared to the corresponding period in 2021 The increased demand for wheat flour overseas led to significant price rise of the commodity in the domestic market.
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