Home
|
Sitemap
|
FAQs
|
Contact Us
Product
Country
Menu
About Agri Exchange
Introduction
Apeda Agri Exchange
The Vision
Benefits / Facilities
To Exporters
To Buyers
Product Profile
Floriculture
Floriculture
Fruits & Vegetables Seeds
Fresh fruits & Vegetables
Fresh Onion
Other Fresh Vegetables
Walnuts
Fresh Mangoes
Fresh Grapes
Other Fresh Fruits
Others (Betel Leaves & Nuts)
Processed Fruits & Vegetables
Cucumber and Gherkins (Prepd. & Presvd.)
Processed Vegetables
Mango Pulp
Processed Fruits,Juices & Nuts
Pulses
Animal Products
Buffalo Meat
Sheep/ Goat Meat
Other Meat
Processed Meat
Animal Casing
Poultry Products
Dairy Products
Natural Honey
Caseins
Albumin (Eggs & Milk)
Other Processed Foods
Groundnuts
Guar Gum
Jaggery & confectionery
Cocoa Products
Cereal Preparation
Milled Products
Alcoholic Beverages
Miscellaneous Preperations
Cereals
Basmati Rice
Non Basmati Rice
Wheat
Maize
Other Cereals
Country Profile
United Arab Emirates
Saudi Arabia
Malaysia
Bangladesh
United States
Vietnam
Kuwait
Iran
United Kingdom
Indonesia
...View more country profiles
FTA's
Analytical Report on FTAs
Tariff Concession under FTAs
Statistics
International Trade
India's Export
India's Import
Production
International Production
India Production
Market Intelligence
e-Bulletin
Global Analytical Report
India's Export Analytical Report
Comparative Report On APEDA Products
Comparative Report On Principal Commodities
Import Tariffs
Import Regulations
SPS Notifications
DGFT : Public Notice, Notifications, Circular and Trade Notice
India Food Safety & Standards
Market Reports
Foreign Trade Policy 2023
Chapter 01 - Legal Framework and Trade Facilitation
Chapter 02 - General Provisions Regarding Imports and Exports
Chapter 03 - Developing Districts as Export Hubs
Chapter 04 - Duty Exemption Remission Schemes
Chapter 05 - Export Promotion Capital Goods (EPCG) Scheme
Chapter 06 - Export Oriented Units (EOUs), Electronics Hardware Technology Parks (EHTPs), Software Technology Parks (STPs) and Bio-Technology Parks (BTPs)
Chapter 07 - Deemed Exports
Chapter 08 - Quality Complaints and Trade Disputes
Chapter 09 - Promoting Cross Border Trade in Digital Economy
Chapter 10 - Scomet: Special Chemicals, Organisms, Materials, Equipment and Technologies
Chapter 11 - Definitions
Newsletters
Latest News
Latest Newsletter
Archives
Directory
Exporters
Service Providers
Logistics
Trade Leads
Submit New lead
Buy Leads
Sell Leads
Indian Mission Login
Market News
Government relaxes wheat export ban, allows 1.67 lakh tonnes to be loaded.
May 18, 2022
The Directorate General of Foreign Trade (DGFT) on Tuesday allowed 1,67,211 tonnes of wheat to be loaded on four partially loaded vessels at Kandla port after the department of commerce partially relaxed the ban on exports earlier in the day.
Traders say the relaxations in the May 13 order banning the export of wheat is likely to allow 400,000-500,000 tonnes of grain stranded at the ports to be shipped out quickly.
They expect at most another 300,000 tonnes of wheat to be exported under the exemption provided by the government to quantities already contracted against a letter of credit (LC), which will take the total export to about 800,000 tonnes after the ban.
The four vessels allowed additional wheat already had 80,368 tonnes loaded before the ban on May 13. MV XIN YI HAI will carry 55,000 tonnes to Brazil; MV JAG RADHA 57,000 tonnes to Bangladesh; MV VALLIANT SUMMER 66,000 tonnes to Oman; and MV PHAEDRA 69,579 tonnes to Indonesia.
They say this is not enough to clear all the trucks stranded at ports or warehouses and have sought government intervention, adding that exports were contracted on cash against delivery basis.
According to trade estimates, only 20-25% of the total wheat export contracts are expected to have been signed against the LCs.
'We have requested a meeting with the commerce minister to get clearance for all the cargo that is stuck in transit,' said Rajesh Jain Paharia, a trader from Delhi.
The Directorate General of Foreign Trade (DGFT) has started collating data on the total quantum of wheat for which LCs have been issued by different banks as also the quantity of wheat for which registration has been done with the Customs before May 13.
On Tuesday, the department of commerce allowed some relaxation in its May 13 notification banning exports. It said wheat consignments already handed over to Customs for examination and registered into their systems before May 13 would be allowed to be exported.
Also following a request from Egypt government, a wheat consignment headed for the country that was already under loading at the Kandla port will be allowed.
economictimes.indiatimes.com
Archive