Curbs on wheat export to stay amid record buy

The government has purchased nearly 30 million tonnes of rabi or winter-sown wheat, the highest in four years, on the back of a robust crop, but the country isn't looking to remove curbs on export, an official said, requesting anonymity.

- Zia Haq

NEW DELHI:

Better harvests in the world's second-biggest wheat producer will help to keep a lid on inflation and supplies steady. The country had banned exports of the grain in 2022 as the Russia-Ukraine conflict pushed global cereal prices to multi-year highs. "At present, there is no proposal for a change in the existing export policy," the official cited above said, implying that export curbs would continue.