homeeconomy NewsPiyush Goyal says no proposal to lift export curbs on wheat, rice, sugar as of now

Piyush Goyal says no proposal to lift export curbs on wheat, rice, sugar as of now

India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.

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By CNBCTV18.com Jan 13, 2024 8:18:13 PM IST (Published)

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Piyush Goyal says no proposal to lift export curbs on wheat, rice, sugar as of now
Union Minister Piyush Goyal on Saturday January 13 said there is no proposal before the government as of now to lift export curbs on wheat, non-basmati and broken rice and sugar. He also said India has no plans of importing wheat and sugar either.

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"There is no proposal as of now to remove export restrictions on wheat, rice and sugar. And India will not import wheat and sugar," Goyal told reporters.
He added that the government expected wheat prices to come down and the initial estimates suggest 114 MT of wheat production.
The government is monitoring and considering ways to bring rice prices down, Goyal said.
India had banned wheat exports in May 2022, non-basmati rice exports from July 2023 and extended curbs on sugar exports beyond October 2023, as part of measures to control rising domestic prices.
He added that India is providing rice to friendly countries for their food security needs. The minister informed that India has provided rice to countries like Indonesia, Senegal, and Gambia.
With inputs from PTI.

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