Page 9 - Wheat

India's surprise wheat export ban traps 1.8 mt at ports, says report

Only exports backed by letters of credit (LCs), or payment guarantees, issued before May 13 can proceed before the ban takes effect, India has said

India's export ban fallout: International wheat prices hit record high

The price, which was already high in the wake of Russia's invasion of major wheat exporter Ukraine, jumped to €435 ($453) per tonne as the European market opened

Analysis: What India's u-turn on wheat exports means for world markets

India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses

Global wheat prices soar in risk to inflation as India restricts exports

Benchmark futures in Chicago rose as much as 5.9% to $12.475 a bushel, the highest in two months and within about $1 of the all-time high set just after Russia's invasion

SAD leader Sukhbir Badal, farmers' union slam Centre for wheat ban export

Farmers' unions in Punjab on Monday dubbed the Centre's decision of banning wheat exports as an "anti-farmer" move, saying that the Union government is not letting them reap the gains

Best of BS Opinion: Damaging India's credibility, cost pressure, and more

Here are the top BS Opinion articles of the day

Damaging India's credibility

Wheat export ban should have been avoided

Wheat prices soften after export ban, but high demand may limit downside

Traders say market is still biased towards demand; while this could come as some relief to the farmers, a major price spike in the months ahead seems unlikely

Wheat procurement deadline extended after export ban; quality norms eased

Till May 14, some 18 million tonnes of wheat have been bought for Central pool; that's 51% lower than the procurement during the same period last year

India restricting wheat exports could make world's food problems worse

India's decision to halt wheat exports came as a record-breaking heat wave parched the crop during a crucial period, spurring estimates of slumping yields.

Egypt in talks with India on wheat export ban exemption: Official

India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high

Wheat export ban to reign in inflation, no threat to food security: Govt

Hours after it imposed a ban on wheat export, the government on Saturday said it has adequate food stocks, there is no threat to food security

Centre relaxes norms for shrivelled wheat grains for Punjab, Haryana

In a relief to wheat growers, the Centre has relaxed procurement norms for shrivelled wheat grains in Punjab and Haryana after the crop suffered damage due to the early onset of heatwave. Punjab Chief Minister Bhagwant Mann last month had urged the Centre to relax norms for shrivelled grains in the purchase of wheat from the state without imposing any value cut. The Centre relaxed norms up to 18 per cent against the existing limit of 6 per cent without any value cut. Chief Minister Mann thanked Prime Minister Narendra Modi for accepting his request for relaxation in shrivelled wheat grains. "I, on behalf of farmers of Punjab, thank Hon'ble Prime Minister @NarendraModi ji, for accepting our request & allowing a generous relaxation in procurement of shrivelled grains. I assure you that Punjab shall continue to work in earnest to contribute to food security of the nation," said Mann in a tweet. In a letter to the secretary, food and civil supplies, Punjab and additional chief ...

Don't want wheat to be exported in an unregulated manner, says govt

No order is in perpetuity, wheat export ban be reviewed, says commerce secretary B V R Subrahmanyam

Wheat export ban to cool down retail prices in a week or so: Govt official

The likely fall in wheat output in India and even in the government's procurement is unlikely to affect the public distribution system (PDS), he said and asserted, "PDS will be run smoothly."

Wheat export ban to help control prices, regulate trade, says govt

'There is no dramatic fall in production. I do not think there is a crisis which needs to be imagined. There is adequate food available in government stocks and private stocks,' says commerce secy

No food crunch, ban on wheat exports is to check unregulated trade: Govt

The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies 'to meet their food security needs'

'Wheat export ban will help in crushing attempts to hoard Indian wheat'

The government's decision to ban wheat exports will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation in global markets, according to sources.

Congress slams govt's wheat export ban, terms the move 'anti-farmer'

According to an official notification, India has banned wheat exports with immediate effect as part of measures to control rising domestic prices

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