Hotline: 1800 102 2007
X
Loading
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
  • Conferred with Quality Council of India (QCI)-D.L. Shah National Quality..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 1500 - 2000 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Quick Service Restaurants
    About:TheTuck Box is a growing fast food Brand which Known for their..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2016
    Investment size Rs. 20lac - 30lac
    Space required 250 - 700 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • About Us JANNATT Beauty &Health World is synonymous to its..
    Locations looking for expansion Chandigarh
    Establishment year 2003
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater chandigarh Chandigarh
  • Automobile maintanance related
    About:INDIAS FASTEST AUTOMATIC MOTORBIKE WASH & CARE STORE!BikeCleanse is in..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 200 - 250 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
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