By Ankush Chibber, 22-Mar-2012
India may soon see a final policy move that would lead to the government stepping back and removing its controls on the exports of wheat products, a move that until now has been a utopian dream for local farmers and millers.
India considers removing its wheat export controls
The country’s administration gad first announced the removal of controls and opening up of wheat products market back in 2009. India has allowed up to 650,000 tonnes of wheat product exports until March 31.
Now, government sources have confirmed to FoodNavigator-Asia that a joint ministerial panel would meet on March 26 to consider a proposal to scrap time limits and caps on quantities of wheat product exports.
“The meeting will see officials from the ministry of commerce, agriculture, and finance meet. The time limits and caps would be discussed,” an official at the Ministry of Consumer Affairs, Food, and Public Distribution told FoodNavigator-Asia on the condition of anonymity.
“One of the sector demands that might be discussed is for an export policy to that would assure overseas buyers of continuous supplies under long term contracts. I cannot confirm the agenda beyond that,” he said.
Local media has reported that the proposal has a strong opponent and proponent each - the food ministry wants the deadline to be extended to March 31, 2013. The trade ministry however has argued against any limits.
No comments:
Post a Comment