Wheat export ban lifted
Hotline: 1800 102 2007
X
Search Business Opportunities
2011-07-28

Wheat export ban lifted

Discussion to lift wheat ban

Finance Minister Pranab Mukherjee said on Wednesday that the issue of wheat exports was being discussed with the Commerce Ministry and the matter would be sorted out soon.

Confusion over lifting of ban on wheat exports arose after Agriculture Minister Sharad Pawar said recently, "Yes, there is no ban. Wheat exports are allowed."

Later, Food and Commerce Ministers clarified that the decision in this regard would be taken at the next meeting of the empowered group of ministers (EGoM) on food.

"We are consulting with the commerce ministry and we will be able to sort it out,” Mr. Mukherjee told reporters in New Delhi, when asked to comment on the differences between the Agriculture and the commerce ministries on wheat exports.

The government had banned wheat exports since early 2007 to boost domestic supply and contain inflation.

The proposal to open exports was also supported in the wake of shortage of storage capacity, sources said.

At present, the government godowns are brimming with 37.8 million tonnes of wheat stock in view of bumper output.

According to the latest estimates from the Agriculture Ministry, the country's total wheat output is pegged at 85.93 million tonnes in the 2010-11 crop year (July-June) as against 80.80 MT in the previous year.

Related opportunities
  • Courier & Delivery
    About Us: Arogya Herbs was established in 2013 with a thought..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Others Food Service
    About Us: "F For Fries" is primarily a French Fries cafe..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 220
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Mr. Bean's Pizza started its operations in Jaipur in 2013...
    Locations looking for expansion Rajasthan
    Establishment year 2013
    Franchising Launch Date 2013
    Investment size Rs. 10lac - 20lac
    Space required 330
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • About: RIDENTDIAGNOSTICS a diagnostics lab well established and respected by the local..
    Locations looking for expansion Karnataka
    Establishment year 2012
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts