India prohibits wheat exports with immediate effect

New Delhi, 14/5:In the backdrop of spiralling prices, India has banned the export of wheat with immediate effect.



In a late Friday night notification, the ministry of commerce said the exports of the commodity will only be allowed on the basis of permission already granted to other countries to meet their food security needs.


“The exports will be allowed in case of shipments where irrevocable Letter of Credit has been issued on or before the date of this notification…, ” the Directorate General of Foreign Trade (DGFT) said.

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