New Delhi. The impact of the Russo-Ukraine war is being felt all over the world in one form or the other. India is also not untouched by its impact. In India too, the prices of everyday items are constantly touching the sky. In this episode, the price of wheat was also increasing day by day. Keeping this in view, the central government has taken a big decision and banned the export of wheat. Taking a decision on Saturday, the Central Government, along with banning the export of wheat with immediate effect, has also kept it in the restricted category. For this step, it has been argued on behalf of the government that this step has been taken keeping in mind the food security of the country and it was necessary to do so for the support of neighboring countries and poor countries. But for countries that have already been allowed to export wheat, exports will continue. This has also been said by the government.
Wheat export at record level in April
Significantly, between the war between Russia and Ukraine, there has been a strong increase in the prices of wheat all over the world. In such a situation, the role of India also becomes important. But due to the increase in its price in the domestic markets of India, the government had to take a step like banning the export of wheat. For information, let us tell you that India is the second largest exporter of wheat in the world. In this episode, India has exported a record 1.4 million tonnes in the month of April.
Let us tell you that in a notification issued by the Directorate General of Foreign Trade (DGFT) on May 13, it was said that the export of the consignment for which irrevocable letter of credit (LOC) has been issued on or before the date of this notification will be allowed. .