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
Indonesia, Bangladesh top gainers: India clears wheat exports of 5 lakh tonnes after ban.
Jun 10, 2022
India shipped out as much as 11.3 lakh tonnes of wheat in May, of which 4-5 lakh tonnes were despatched after a ban on the grain’s exports was imposed on May 13, sources told FE. The total shipment of the grain in May was close to 3 times of the level a year before.
Indonesia and Bangladesh have emerged as the biggest beneficiaries of the post-ban despatches, with each importing at least 1 lakh tonnes of Indian wheat, a trading source said. On top of these, the directorate general of foreign trade (DGFT) had earlier allowed exports of 61,500 tonnes to Egypt. These supplies also include aid.
Importantly, 27.4 lakh tonnes of wheat (worth $902 million) have been exported until June 2 this fiscal, about four times from a year before. In FY22, the country had exported a record 72 lakh tonnes of wheat worth $2.12 billion.
While prohibiting wheat exports last month to curb domestic price rise, the government stated the shipments that were already backed by letters of credit (LCs) issued before the ban would be allowed. New Delhi also made it amply clear that it would cater for the genuine need of neighbouring countries and food-deficit nations through government-to-government deals and honour supply commitments already made.
However, suspecting a flood of fake and illegal LCs, the directorate general of foreign trade (DGFT) last week warned wheat exporters that it would examine cases for referral to the Central Bureau of Investigation and the Economic Offence Wing if they were found to be using back-dated LCs to get permits for shipping out the grain.
Apart from Indonesia and Bangladesh, the UAE, South Korea, Oman and Yemen are among a growing list of countries that have approached India for wheat under bilateral arrangements between governments after May 13. The government is considering their requests.
financialexpress.com
Archive