Wheat Export Ban: The G-7 countries have criticized the ban imposed by the Indian government on the export of wheat. According to AFP, agriculture ministers of the Group of Seven Industrialized Countries on Saturday condemned India’s decision. German Agriculture Minister Kem Ozdemir said at a press conference in Stuttgart, "If everyone starts export restrictions or market closures, it will make the crisis worse." The G7 includes Britain, Canada, France, Germany, Italy, Japan and the United States.
Ministers of the G7 industrialized nations urged countries around the world not to take restrictive action that could lead to market damage to produce. But the pressure may increase further. Ozdemir said, "We call upon India to assume its responsibility as a G20 member." The Agriculture Minister is expected to address the topic at the G7 summit in Germany in June. "recommendation" in which the Prime Minister Narendra Modi has been invited to participate.
India imposes ban on export of wheat
India has raised domestic prices The export of wheat has been banned with immediate effect as part of the measures to control. This information has been received from the official notification. However, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13, “Export of consignments for which irrevocable Letters of Credit (LoCs) have been issued on or before the date of this notification will be allowed.”< /p>
The DGFT also clarified that export of wheat will be allowed on the basis of permission granted by the Government of India to other countries to meet their food security needs and based on the request of their governments. Let India be the second largest producer of wheat in the world is.