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    India to Impose Restrictions on Flour Exports to Protect Domestic Markets

    Eunniah
    By Eunniah Mbabazi
    - July 08, 2022
    - July 08, 2022
    Global NewsTrade
    India to Impose Restrictions on Flour Exports to Protect Domestic Markets

    India has announced plans to impose restrictions on the export of flour, a move that seeks to protect domestic markets from a global wheat crisis. 

    The Directorate General of Foreign Trade has said flour exporters will need to seek prior government approval to maintain quality and stabilise domestic prices.

    India banned all exports of wheat grain without government approval in May, sparking a record surge in global prices and condemnation from other countries.

    Russia and Ukraine together account for almost a quarter of the global wheat supply but their ongoing war has disrupted the supply chain and caused a worldwide shortage.

    India is the world’s second-biggest producer of the staple cereal after China, and had filled a gap in markets left by decreased output from Ukraine.

    The country produced 109 million tonnes of wheat last year but only exported around 7 million tonnes.

    See Also:

    Ethiopia to Increase Local Wheat Production by 70% in 2022

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