Banned wheat exports to ensure adequate supply, says Union minister

Union Minister Kailash Choudhary on Sunday mentioned the Centre had positioned a ban on wheat exports to ensure adequate availability of the meals grain within the nation.

The ban was put in place on May 14 so as to management home costs amid concern that wheat output could also be hit due to a prevailing heatwave.

“For us the nation is first and our precedence is to make obtainable adequate wheat to our residents, We have banned wheat export so that individuals do not face scarcity,” the Union Minister of State for Agriculture and Farmers’ Welfare instructed reporters right here.

India’s wheat exports stood at an all-time excessive of seven million tonnes, valued at USD 2.05 billion, in 2021-22, with over 50 per cent being purchased by neighbouring Bangladesh.

Queried on whether or not the Centre would offer monetary reduction to farmers going through losses due to the sudden ban on exports, Choudhary solely mentioned the federal government buys produce at minimal help worth.

Listing the Narendra Modi authorities’s schemes for the farming sector, Choudhary mentioned, “The finances for agriculture was Rs 23,000 crore in 2013, which has been raised six occasions, taking it to Rs 1.32 lakh crore.

He earlier inaugurated the three-day ‘Soya Maha Kumbh’ right here, which has been organised by the Institute of Soybean Research and the personal sector. Madhya Pradesh is the biggest producer of soybean in India.

Speaking on the inaugural operate, Choudhary mentioned the Union authorities, so as to make the nation self sustaining in edible oils, was encouraging oil seeds and palm cultivation.

(Only the headline and film of this report could have been reworked by the Business Standard employees; the remainder of the content material is auto-generated from a syndicated feed.)

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