The Centre on Monday allowed export of an additional 25 lakh tonne of wheat considering comfortable stock position amid likelihood of another strong harvest. With this, a total of 50 lakh tonne of wheat and 10 lakh tonne of wheat products have now been permitted for exports. “In view of the comfortable production outlook and higher stock availability, permitting additional exports was considered appropriate,” the food ministry said in a statement.
The export of additional quantity of wheat is expected to enhance market liquidity, facilitate efficient stock management, and prevent distress sales during the peak arrival season. It will also help stabilise domestic prices and strengthen farmers’ incomes, while ensuring that the country’s food security remains fully safeguarded.
