The government has decided to lift the over four-year-old ban on wheat exports, even as shipment of the grain is not viable at current global prices. This was disclosed by Agriculture Minister Sharad Pawar to reporters on the sidelines of an ICAR function in New Delhi. The government had banned wheat exports since early 2007 to boost domestic supply and contain inflation. He said, the government has not announced the quantity of wheat allowed for exports as global prices are very low.Recently, Finance Minister Pranab Mukherjee headed Empowered Group of Ministers (EGoM) on Food, in which Mr. Pawar is also a member, had given in-principal approval to lift the ban on wheat exports in the wake of overflowing stocks.
News On AIR | July 16, 2011 2:07 PM
Govt lifts ban on wheat exports