The Centre, in a surprise move, has allowed exports of 2.5 million tonnes (mt) of wheat, lifting a ban that had been in place for more than three years. Not only that, it has also permitted exports of 0.5 mt of sugar, over and above the already approved 1.5 mt.
The export permissions were granted even though, according to traders, there is no parity between domestic prices and global rates for both wheat and sugar. An official statement said the calibrated decisions to allow exports were taken after a comprehensive assessment of current availability and price conditions, reaffirming the Centre’s commitment to protecting farmers’ interests and managing surpluses.
