New Delhi: The Government of India has banned the export of wheat seeing the increase in consumption. The government has taken this decision in view of the rising price of wheat and the low yield. Banning exports has made it difficult for many countries facing food crisis due to Russia-Ukraine war. G7 countries have condemned this decision of India.
The government has banned the export of wheat in order to control inflation in the country and to keep the price of food items stable. There has been a tremendous increase in the price of wheat flour in the recent past. This is the reason why by banning the export of wheat, the government wants to ensure that there is no shortage of flour in the country and prices remain under control.
India being second largest exporter of wheat, but due to low wheat production this year and a huge jump in global prices due to Russia-Ukraine war, the government has decided not to export wheat. In the order issued by the Government, it has been said that whatever export deal has been signed by Friday will be completed, but from Saturday, the permission of the government will have to be taken to export wheat.