India bans wheat exports with immediate effect, here’s why

Recently there is a big news coming that India has banned the export of wheat means now India will not export wheat, it is clearly stated that high protein drum variety and normal soft bread variety of wheat make them free. will be removed from the category and placed in the prohibited category and this order has been issued on May 13.

India bans wheat exports with immediate effect, here's why
India bans wheat exports with immediate effect, here’s why

In such a situation, India will first help the people of its country as well as the people of its neighboring country and India will completely stop the export of wheat. Export of only two types of wheat has not been stopped.

The first type of export is the one which has the permission of the Government of India, that is, the permission of the Government of India. Taking this point, there is the issue of food security within a country. This means that if there is a matter of food security inside a country, then the Indian government of that country is seeking a veterinary doctor. And the Indian government has given permission to the people, given permission to a person that you can export wheat, then in that case wheat can be exported.

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Secondly, the export of wheat for which transitional arrangements have already been made. The letter of credit has already been issued before the notification of the government. So this type of wheat can be exported.

The question arises why the government took this step?

Why this wheat export has been stopped. nine percent. Which is the highest in the last eight years, due to which inflation has reached eight to three eight percent. This means that food prices are increasing continuously. This action has been taken to reduce the prices which is a basic feature. There is another reason why prices are rising, let’s understand them first. That if I talk about wheat in the whole world, I mean wheat. So Russia and Ukraine used to export wheat up to twenty eight percent. War broke out between Russia and Ukraine, which reduced the supply of wheat globally. Under such circumstances, Indian wheat prices were rising steadily. When the demand for wheat from India was increasing globally and the prices were increasing, then wheat from India was being sold in rupees due to which India was exporting a large quantity from inside. This means that the wheat that was being produced inside India was being exported in large quantities. Due to which what was happening here was the shortage of wheat inside India that there may be a shortage of wheat in future. Not only this, you can also do welding with the help of wheat. What happened was that the estimate given by the Ministry of Agriculture in mid-February was that the production of wheat was 1.11 and 2 million tonnes. Which was 109.59 tonnes more than the last time. That is, this time the weight will be more than last time. But what happened in the middle of March because this estimate is of February. The temperature suddenly rose during March. The heat wave has come and gone in those areas where wheat is more. If the heat wave continues, then in the month of March, it is the month when grains start appearing inside the wheat, due to which the grain inside the wheat gets spoiled, which reduces both the quality and quantity of wheat. Got to see Mid-March is the month in which harvesting begins in Madhya Pradesh. The crop is cut. Under such circumstances, it was found that the production of wheat is less than fifteen to twenty percent within Madhya Pradesh. This means that wheat was moving out of India due to shortage of wheat in the international market. India, on the other hand, did not have wheat in itself. Due to which the demand was increasing in the market inside India and the demand outside was also increasing due to which the price of wheat was increasing.

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If these prices are increasing, if their demand is increasing, then what was happening in such a situation, what is the condition of the traders who are the mill owners, what were they doing, taking wheat from the farmer, taking more money, Taking wheat, paying more, taking wheat, stocking what they were doing, holding on. While many farmers were also doing this work. Due to this, wheat was seen even less inside the market. Now the Government of India already has some wheat as procurement. India already has stock. And India takes what it has and takes stock and buys it. But my point is that when wheat is being sold in the international market, it is being exported. The demand is high even in the general market. Wheat is inside the market at a rate higher than MSP, will the farmer sell wheat at MSP or will he sell wheat to a general trader? Naturally, it is a matter of the general trader due to which the purchase inside India is very less, ie within two thousand seven-eight, you will see that two eight up to the one hundred and eleven digits was the purchase of wheat at that time and this if you bar look at, after that there is an eight five, that is, after taking two thousand seventeen seven-eight, it is not enough to see the lowest ever, you have to analyze other data, some weight is already in stock India. lives. and gain some weight. Wheat procured inside India in the months of April and June was less than stock. You can see all the figures above from here starting from two thousand nine-ten, you will come to know that the weight inside India has always been bought more than the stock. You can see in two thousand five-six also, you can see in six-seven, you can see in seven-eight also. This is the first time in India that the purchase has come down from the stock. otherwise buy more than stock .

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It is because farmers did not give wheat to the government, farmers gave wheat to private traders. Has been captured many times. Which reduced the purchase. Now when the procurement is less, it will be less inside the public distribution system. Meaning the poor would go down and on the other hand the price was going up. Due to which many experts were saying that there may be a crisis of wheat inside India, due to which it has been seen that the Indian government has banned the export of wheat.

What will be the effect now?

understand a little. What happened Indonesia imposed a ban on palm oil Russia also saw a shortage of sunflower oil due to the war in Ukraine. Oil prices are already rising in the international market due to crop failure in Canada. This means that food prices in the international market will automatically rise as the prices of edible oil are already rising. Due to which food prices are increasing in the international market which means food inflation is increasing in the international market. Everything is going away inside every country. As far as the weight is concerned which I have already mentioned, there is less supply in the market. Now India’s visit, exports stopped, Egypt etc. countries had also made earlier agreements with India. So, by stopping India’s wheat exports, wheat directly inside the international market will be reduced. When wheat is low, there will be an increase in the prices of wheat in the international market due to which there will be increase in food price inflation in different countries. Inside many countries like India you will already see Sri Lanka, you will see Afghanistan, these people are already facing food crisis. Food rewards are on the rise in such circumstances. The whole world as it is, has just emerged from the situation of COVID-19. The economic condition is already weak during this period. And during that also geo-political issues are coming to the fore. So the coal that was there was increasing. The shortage of wheat is already a shortage of palm oil. This will increase the appetite even more.

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