Why UAE Banned export of Indian Wheat?

Why UAE Banned export of Indian Wheat?

The UAE Ministry of Economy has ordered the suspension of exports and re-exports of wheat and wheat flour originating in India for a period of four months, state news agency WAM said on Wednesday. The United Arab Emirates Ministry of Economy explained that this decision comes in view of international events that have affected trade … Read more

Wheat yield decreased by 3 per cent compared to last year

Wheat yield decreased by 3 per cent compared to last year

India’s wheat output is likely to fall three per cent to 106 million tonnes this year compared to the output of 109 million tonnes last year. The Union Ministry of Agriculture and Farmers’ Welfare published the third advance estimate of the production of major agricultural crops for the year 2021-22. The country’s foodgrain production is … Read more

Wheat Crisis: Wheat prices increased in international market

Top wheat producer states of India in 2022

After India’s ban on the export of wheat, its prices have increased in the international market. The price of wheat sold in the international market has increased by 5.9% in Chicago.  Due to the heatwave in India, the wheat crop was affected and prices increased, after which its export has been banned. This year, the … Read more

Explained: How wheat export ban will impact domestic prices in India?

Wheat yield decreased by 3 per cent compared to last year

The Government of India late on Friday evening decided to stop the export of wheat to India and neighbouring countries citing food security. However, India says that if a decision is taken at the government level, it will export to needy countries. Wheat export ban According to the report in The Economic Times, the government … Read more

India bans wheat exports with immediate effect

Wheat yield decreased by 3 per cent compared to last year

India has banned the export of wheat with immediate effect as part of measures to control rising domestic prices. However, export shipments for which irrevocable letters of credit (LOCs) 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 on … Read more