No scarcity of wheat or sugar; there isn’t a plan to import: Goyal

The federal government has no plans to import wheat and sugar as there may be sufficient availability domestically, Commerce & Business Minister Piyush Goyal has mentioned. The Minister additionally mentioned that the Centre was not contemplating any proposal, as of now, to take away the export ban on wheat, rice and sugar.

“Wheat manufacturing is anticipated to succeed in the very best stage of 114 million tonnes (within the present 2023-24 crop 12 months). There isn’t a query of importing wheat. We’ve got enough shares,” Goyal mentioned at a media briefing on Saturday.

Costs to say no

The Minister mentioned that States together with Punjab, Haryana and Uttar Pradesh, had given suggestions of bumper wheat manufacturing and the federal government anticipated wheat costs to say no.

On sugar, the Minister mentioned that its consumption within the nation was flat and there was no plan or have to import the commodity.

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Goyal mentioned that the federal government additionally didn’t have any plans to take away export restrictions on wheat, non-basmati rice and sugar although it was exporting rice to pleasant international locations to fulfill their meals safety wants.

India has offered rice to international locations like Indonesia, Senegal, and Gambia, the Minister identified.

To keep away from scarcity within the home market and examine spiralling costs, India had banned wheat exports in Might 2022, non-basmati rice exports in July 2023 and prolonged curbs on sugar exports past October 2023.