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Ban On Wheat Export Will Ensure Food Security In India: CAIT

As prices of commodities soar in the country, India has prohibited wheat exports with immediate effect to cool down local prices

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The Confederation of All India Traders (CAIT) on Sunday said that it supports the decision of export ban as it will keep stocks for domestic consumption at the first point.

The trade body said that this step was necessary to protect food security in India.

The national president of CAIT BC Bhartia and secretary-general, Praveen Khandelwal while welcoming the decision said that the unscheduled and sudden but extensive heatwave in the Country has caused substantial loss of wheat production. 

"There is a shortage of wheat at the global level and war between Russia and Ukraine is one prime factor for that. India is a land of huge marginal income people and availability of Roti, Kapda and Makaan is the first priority of the government," they said. 

India is the second-largest producer of wheat all over the world after China. About 30 million hectare of land is used for wheat production. It is expected that this year the production would be around 125 million metric tonne. The domestic consumption of wheat stands at 105 million metric tonne, the trade body said. 

As prices of commodities soar in the country, India has prohibited wheat exports with immediate effect to cool down local prices.

According to a government notification late on Friday, the step has been taken to manage the overall food security in India and support neighbouring and vulnerable countries.

However, exports will be permitted on the basis of permission granted to other countries to fulfil their food security requirements and based on the request of their government. Also, shipments of wheat are allowed for letters of credit that have already been issued.

According to a government notification late on Friday, the step has been taken to manage the overall food security in India and support neighbouring and vulnerable countries. 

However, exports will be permitted on the basis of permission granted to other countries to fulfil their food security requirements and based on the request of their government. Also, shipments of wheat are allowed for letters of credit that have already been issued.