India lifts four-year wheat export ban

The Indian government has lifted the over four-year-old ban on wheat exports, even as shipment of the grain is not viable at current global prices.

The government had banned wheat exports since early 2007 to boost domestic supply and contain inflation, reported the Times of India on July 16.

“Yes, there is no ban. Wheat exports are allowed,” agriculture minister Sharad Pawar told reporters on the sidelines of an ICAR function.

The government has not announced the quantity of wheat allowed for exports as global prices are very low, he said.