New Delhi: Removing quantitative curbs on overseas sales, India on Friday has issued formal orders to allow exports of wheat and common grades of rice.

As per the notification, no license is mandatory for export of wheat and rice. A quantitative curb has also been lifted from the export of both the grains. No Minimum Export Price (MEP) has been fixed for their export.

After a meeting of a panel of Ministers, Union Minister of State (Independent charge) for Consumer Affairs, Food and Public Distribution KV Thomas had said, “The Government had allowed exports of 20 lakh tonnes each of wheat and non-basmati rice.” But the formal orders did not mention any quantity earmarked for exports.

It is worth mentioning that export of wheat and rice had been decided in the meeting of Empowered Group of Ministers (EGoM) on Thursday.

Commerce Minister Anand Sharma had informed about the export being allowed under the Open General License (OGL).

JPN/Bureau