Wheat Export Ban: Not only will the common people benefit by curbing the export of wheat, but there will be no shortage of food grains in the country for government schemes as well. Not only this, those hoarding wheat will also be curbed on a large scale. After the reduction in the price of wheat, the second big advantage will be that its price will reach close to the fixed MSP of Rs 2015 per quintal. On Friday, the price of wheat in the Delhi market was around Rs 2,340 per quintal, while the bid for export was at Rs 2575-2610 per quintal at the ports.
price will drop
With the government immediately stopping the export of wheat, the biggest impact will be on its price, which has increased by 40 percent internationally at present. Along with this, the price of wheat has increased by 13 percent in the last one year in the domestic markets. With the ban on exports, there will be an immediate reduction in its price.
flour will be cheaper
Due to the shortage of wheat and rising prices, the prices of wheat flour have seen a sharp rise in the local markets in the last few weeks. The prices of flour will come down and the general public will get relief. According to the data, the all-India monthly average retail price of wheat flour in April was Rs 32.38 per kg, which is the highest since January 2010. A big difference is being seen in many states. Prices are rising.
Promoting procurement from states
The reduction in prices may help the government to boost its purchases from states where traders and hoarders are holding stock in anticipation of a further rise in prices. Quoting sources, it is being said that at present 14 to 20 lakh tonnes of wheat are with the traders.
Benefits of food safety management
In a notification issued by the Government of India, it has been said that banning the export of wheat will help in managing the overall food security of the country. Apart from this, it will also have a big impact in terms of supporting the needs of neighboring and other vulnerable countries because the government will have sufficient stock.
Big benefit to the general public
According to agricultural experts, this step taken by the government in the midst of the current situation is a good step, which is in the interest of the general public. Wheat production has already been negatively affected by the severe heat in the season. Later, due to high exports, the food security of the country was not being managed properly. The private sector has become like an unbridled horse and the example of this is that within four years, the price of wheat has increased five times more than the price of flour.
Country’s stock will rise
This decision of the government will boost food security and there will be enough stock in the country. Between 2005-07, private companies of the then government were given the right to buy wheat from farmers. Due to the huge exports at that time, the Center had to import a huge 7.1 million tonnes within two years, that too in double the price. In such a situation, this step taken by the government can prove to be a big relief.
Beneficial for government schemes
After assessing the fallout, the government decided to allocate 5.5 million tonnes of rice in place of wheat to the states for distribution under the government’s free ration scheme (PMGKAY) for five months starting May. is. According to reports, about 55 lakh tonnes of wheat will be released immediately, which can be used to make stock. Stopping the export of wheat will increase the stock and distribution of wheat can be started again in such schemes.
will have an effect on inflation
Due to this decision of the government, food inflation is also expected to come down. Let us tell you that inflation is touching the sky in the country, retail inflation has once again reached 7.79 percent in the month of April, taking a leap. Meanwhile, inflation on food items has reached the level of 8.38 percent in April. The retail price of flour in the country is currently at a 12-year high. The reduction in this will bring relief to the public.
Wheat inflation rate will come down
India’s wholesale wheat inflation rate stood at 14 per cent in March, the highest in more than five years. There will also be relief on this front if the prices of wheat come down. This will help in controlling the rising prices domestically.