India cuts exports of flours derived from wheat

(ANSA) – NEW DELHI, 07 JUL – India is restricting the export of all types of flour derived from wheat: this was announced by the Directorate General for Foreign Trade (DGFT) of the Delhi government which, with this provision, intends protect the internal market from the global wheat crisis.

The Authority announces that the restrictions will be adopted starting from 12 July and that exporters will have to obtain special authorization from the government to maintain quality and stabilize prices on the domestic market.

“Disruptions in global grain and flour supplies have led to cost fluctuations and potential quality problems,” reads the DGFT statement.

India had already banned the export of wheat last May; the decision contributed to the global increase in prices caused by the interruption of the huge exports of Russia and Ukraine and aroused fierce criticism towards Delhi.

The country is the second largest wheat producer in the world after China, but exports on average just 2% of its production, of which it uses 80% for consumption and internal storage. In 2021 it produced 109 million tons of wheat, but exported only 7 tons. This year, adverse weather conditions, with a heat wave in the months of March and April led to a 5 percent drop in the harvest, and raised fear in the government of possible shortages on the domestic market. (HANDLE).

Source: Ansa

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