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    Vikshita Vitthal Gujaran in News

    28-Feb-2023 04:44 AM


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    Ban on wheat import, export unlikely to go soon, say officials

    No immediate changes are likely in the Centre’s decision disallowing both import and export of wheat, officials tracking the matter have said.
    The intention is to clear up as much stock as possible so that one has space for procurement next year,” an official told businessline.
    Now that offtake is robust under OMSS and as much as 30-35 lt OMSS allocation is likely to be exhausted by March 31, the country may have around 90 lt of stock as of April 1, 2023, against the buffer norm of about 75 lt, another official said.
    Last year, it turned out that a part of the wheat crop was affected due to a scorching heat wave in March and the decision to export had to be withdrawn abruptly.
    Such situations should be avoided,” he said.
    Besides, the government’s policy of offering wheat to friendly countries is working fine and any extra procurement could be channelised for export on diplomatic grounds, he said Since about 180 lt of wheat is needed for distribution under the National Food Security Act (NFSA) and other welfare schemes annually, and considering a provision of 50 lt for OMSS, the minimum procurement the government can target is 215 lt due to a higher opening stock of 15 lt from the buffer.

    Source -https://www.thehindubusinessline.com/economy/agri-business/indias-ban-on-wheat-import-export-unlikely-to-go-soon-say-officials/article66560283.ece