Commodity Superfast: Government will give relief on wheat export ban; No ban on goods handed over for custom check before May 13
Zee Business Video Team | Updated: May 17, 2022 05:29 PM IST
Today the Central Government has announced a big relief on its order to ban wheat exports. The government has decided that wherever a consignment of wheat has been handed over to customs for examination on or before May 13, such consignments will be allowed to be exported. Four days after this decision, on Monday, the global price of wheat increased by a record 6%. Global supply of wheat reduced after India imposed a ban on wheat exports. This has led to a rise in the prices of wheat in the international markets. Russian attack on Ukraine has increased the price of wheat by more than 60% this year. This decision of the government will give big relief to small businessmen. Now the wheat stuck at the port can be exported.
