After Ban On Wheat Exports, India Tightens Rules For Flour Too
NDTV
India banned all exports of wheat grain without government approval in May, sparking a record surge in global prices and condemnation from other countries.
India will impose restrictions on the export of flour in a fresh move to insulate domestic markets from a global wheat crisis.
Wheat grain exports were severely curtailed in May to shore up national food reserves following global shortages and surging prices triggered by Russia's invasion of Ukraine.
The Directorate General of Foreign Trade has said flour exporters will need to seek prior government approval to maintain quality and stabilise domestic prices.
"Global supply disruptions in wheat and wheat flour have created many new players and has led to price fluctuations and potential quality related issues," the regulator said in a notice issued Wednesday.