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
EIC likely to test wheat flour export cargoes for quality.
Jul 12, 2022
The Centre will soon notify the Export Inspection Council (EIC) as the nodal agency for certification and testing of wheat flour (atta) export consignments. But there could be a delay in the process of clearing the cargoes, while exporters will also have to pay for the certification.
The Centre on July 6 issued a notification through the Directorate-General of Foreign Trading (DGFT) stating that the Inter Ministerial Committee (IMC) will clear exports of wheat flour from July 12. The notification amended the export policy to provide for the clearance by the IMC in a move interpreted as one to curb flour exports.
Until July 11 (today), shipments will be cleared if exporters meet the specifications stipulated by the DGFT.
Payment, time
'Exporters may have to pay about Rs.12,000 for quality certification. The EIC will also take about 15 days to give it,' said a source with access to the Commerce Ministry.
When contacted, a Commerce Ministry official, who did not wish to be identified, said 'Once the notification is issued, EIC will finalize the process and charges.'
The source said EIC will take 15 days since it lacked adequate staff to take up such assignments. 'EIC is understaffed. Hence, the organisation cannot be blamed,' the source said.
Last week, a source told that EIC already does quality testing for cereals such as rice and has a sample collection process. After testing, the EIC will send its report to the IMC, which will then give its recommendation.
Why the curbs
The Centre came up with the change in export policy to curb exports of wheat flour as its shipments doubled after India banned wheat exports from May 13. As of May 13, nearly one lakh tonnes (lt) of flour had been exported along with 1.45 million tonnes (mt) of wheat.
Since the ban, flour exports had topped about two lakh tonnes by June 30 forcing the Centre to come up with curbs. The Centre’s curbs are in contrast with its initial policy to promote wheat exports this fiscal.
However, its plans were affected after a heatwave swept wheat-growing regions affecting production this year. Initially, wheat production was estimated at a record 111.43 mt. After the heatwave, the production was lowered to 106.41 mt.
Apart from production being hit by the heatwave, the Centre also faced a setback in the form of lower procurement by the Food Corporation of India (FCI). The agency could buy only around 19 mt of wheat from farmers this year, far less than the 43.44 mt it procured last year.
Low FCI procurement
Farmers did not sell their wheat to the FCI as they were getting prices higher than the minimum support price of Rs.2,015 a quintal fixed for this rabi season. The FCI procures wheat at MSP only and not at a higher price.
Wheat prices in the open market surged to over Rs.2,400 a quintal, raising the Centre’s concerns further over soaring inflation. After the ban, wheat prices dropped by over Rs.200 though they are still ruling above the MSP.
Currently, the weighted average modal price (the rate at which most trades take place) is Rs.2,077 a quintal. Following India’s ban on wheat exports, prices of the cereal surged in the global market.
Concerns over economic slowdown and recession have dragged wheat prices in the futures market to around $338 a tonne on the Chicago Board of Trade. According to the International Grains Council, US Soft Red Winter Wheat is offered at $327 a tonne in the spot market, while EU wheat is quoted at $357. Prices for these wheat varieties had ruled over $400 a month ago.
A section of the trade is of the view that the Centre should allow value-added exports such as wheat flour, which is shipped mainly to South and West Asian countries.
thehindubusinessline.com
Archive