Wednesday, June 3, 2026
28.6 C
New Delhi

With inflation at record low of 0.3%, food ministry proposes lifting of export ban on wheat products

With inflation at record low of 0.3%, food ministry proposes lifting of export ban on wheat products

Representative AI image

NEW DELHI: With inflation at a record low of 0.3%, the food ministry has proposed lifting of export restrictions on wheat products such as aata, maida and sooji after a gap of nearly three-and-a-half years. In a letter to the commerce department, it has suggested considering allowing such exports of up to one million tonne (MT).Referring to the representation of Roller Flour Millers’ Federation of India to allow export of wheat products based on the “prevailing surplus and strong production outlook”, the ministry has sought “necessary action”.Sources said the Food Corporation of India (FCI) commenced the open market sale scheme (OMSS) of wheat for bulk buyers such as flour millers and this got a lukewarm response with around 70,000 tonne sold through e-action against the offer 2 lakh tonnes at Rs 2,550 per quintal. They added that this indicates enough wheat availability in the market and even the wholesale prices have dropped by around 12% compared to last year.At present, FCI has around 30.5 MT of wheat stock against the buffer requirement of 20.5 MT for Jan 1, 2026.Navneet Chitlangia, president of Roller Flour Millers’ Federation, said India has witnessed a bumper wheat harvest this season, and with a favourable monsoon, they anticipate yet another excellent harvest in the coming season. “In view of the robust domestic production, we have requested govt to lift the restrictions on wheat product exports so that India may reclaim its traditional markets across the globe,” he said.Before the export ban of wheat products, India used to send shipments of flour, maida and sooji and other products to Africa, Gulf and south Asian countries. In May, a ban was imposed on exports of wheat and its products due to concerns over domestic food security, drop in production, and rising inflation.

Go to Source

Hot this week

US invites public comments on new trade body to manage China ties

The Trump administration has invited public comments on a proposed US-China Board of Trade, a new mechanism aimed at managing bilateral commerce and exploring tariff relief for select non-sensitive goods Go to Source Read More

Iran Israel War Updates: US says it thwarted Iranian missile, drone attacks across Gulf

Iran Israel War Updates: Military operations, diplomatic negotiations and regional security tensions continue to shape developments across Iran, Israel and Lebanon as efforts to secure a broader agreement are under way. Read More

Aaj Ka Panchang, June 3, 2026: Tithi, Vrat, Muhurat And Rahu Kaal Today

Aaj Ka Panchang, June 3, 2026: Get accurate details on today’s Hindu calendar including tithi, vrat, nakshatra, yoga, sunrise/sunset timings, and shubh and ashubh muhurat. Read More

Scheme to phase out BS-IV trucks, buses may get cabinet nod today

NEW DELHI: Union Cabinet is likely to approve an incentive scheme aimed at phasing out BS-IV trucks and buses in the Delhi-National Capital Region (NCR) and replacing them with BS-VI and electric vehicles over the next five years. Read More

MEA: No role for 3rd party to settle Nepal border row

NEW DELHI: After Nepal PM Balendra Shah sought UK’s intervention in the India-Nepal border dispute, the Indian govt Tuesday strongly rejected any third-party mediation on what it described as a bilateral issue. Read More

Topics

US invites public comments on new trade body to manage China ties

The Trump administration has invited public comments on a proposed US-China Board of Trade, a new mechanism aimed at managing bilateral commerce and exploring tariff relief for select non-sensitive goods Go to Source Read More

Iran Israel War Updates: US says it thwarted Iranian missile, drone attacks across Gulf

Iran Israel War Updates: Military operations, diplomatic negotiations and regional security tensions continue to shape developments across Iran, Israel and Lebanon as efforts to secure a broader agreement are under way. Read More

Aaj Ka Panchang, June 3, 2026: Tithi, Vrat, Muhurat And Rahu Kaal Today

Aaj Ka Panchang, June 3, 2026: Get accurate details on today’s Hindu calendar including tithi, vrat, nakshatra, yoga, sunrise/sunset timings, and shubh and ashubh muhurat. Read More

Scheme to phase out BS-IV trucks, buses may get cabinet nod today

NEW DELHI: Union Cabinet is likely to approve an incentive scheme aimed at phasing out BS-IV trucks and buses in the Delhi-National Capital Region (NCR) and replacing them with BS-VI and electric vehicles over the next five years. Read More

MEA: No role for 3rd party to settle Nepal border row

NEW DELHI: After Nepal PM Balendra Shah sought UK’s intervention in the India-Nepal border dispute, the Indian govt Tuesday strongly rejected any third-party mediation on what it described as a bilateral issue. Read More

5 Big Stories For Today: D K Shivakumar’s Swearing-in, West Asia Conflict Escalation & More

D K Shivakumar to be sworn in as Karnataka CM, US Iran tensions rise, K Annamalai weighs options, Delcy Rodriguez visits India, CBSE evaluation probe deepens Go to Source Read More

Praggnanandhaa left surprised by Carlsen’s ‘weird’ blunder in 2026 Norway Chess rematch: ‘Even in a bullet game…’

R Praggnanandhaa defeated world No 1 and defending champion Magnus Carlsen for the second time in as many meetings at the 2026 Norway Chess, capitalising on a blunder in their eighth-round meeting on Tuesday to force a resignation in 50 moves. Read More

FIFA’s Peace Prize to Donald Trump back under scrutiny as Norway joins calls for probe

FIFA’s neutrality principles have been under question ever since the global football governing body awarded its inaugural Peace Prize to Donald Trump. Read More

Related Articles