India bans wheat exports with immediate effect


India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, officials said.

However, export shipments for which Irrevocable Letters of Credit (LoC) have been issued on or before the date of this notice will be admitted, the Directorate-General for Foreign Trade (DGFT) said in a May 13 notice.

“The export policy of wheat … is prohibited with immediate effect …”, according to the DGFT.

It has also been clarified that wheat exports will be allowed based on the approval granted by the Government of India to other countries to meet their food security needs and based on the request of their governments.

In a separate communication, the DGFT announced the easing of export conditions for onion seeds.

“The onion seed export policy has been placed in the restricted business category with immediate effect,” it said.

The export of onion seeds used to be forbidden.

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