NEW DELHI
Flour millers association RFMFI on Saturday welcomed the government s decision to ban wheat exports, saying this will prevent unnecessary panic in the market regarding domestic supply and also help in controlling any price rise.
Roller Flour Millers Federation of India (RFMFI) President Anjani Aggarwal said the association had written to the government to regulate exports.
It is a very good decision by the Government at this stage, as this will prevent unnecessary panic in the country about wheat supply and prices.
He said the wheat production in the 2021-22 crop year, ending June, is likely to decline at 95-98 million tonnes.
The country would have to import wheat after a few months if exports were not banned, Aggarwal said.
He said the prices of wheat and wheat flour will be stable now.
Atta (loose) prices are ruling at Rs 26-28 per kg, while packaged Atta prices stood at Rs 28-30 per kg.
The prices of atta could have risen to Rs 40 per kg or even more. Prices will stabilise now, he said, while justifying the government s decision.
India has banned wheat exports with immediate effect, as part of measures to control rising domestic prices, according to an official notification.
However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in a notification dated May 13.
