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Wheat export will check further fall in domestic prices: Floor millers


images NEW DELHI: Flour millers today hailed the government’s decision to lift a four year-old ban on wheat exports, saying this would not only prevent a further decline in domestic retail prices, but would also enable the export of high protein varieties to the Middle East.

Yesterday, the Empowered Group of Ministers (EGoM) on Food decided to lift the ban on wheat exports, subject to a ceiling of two million tonnes. The ban was imposed in early 2007.

"Despite record procurement by the government, there is still so much wheat in the market. The prices have fallen to below support price in some states like Uttar Pradesh," M K Dattaraj, a former President of the Roller Flour Mills Federation, said.

http://articles.economictimes.indiatimes.com/2011-09-09/news/30135546_1_ban-on-wheat-exports-flour-millers-prices-of-wheat-dara

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