Government bans wheat exports

BS reports

In its latest initiative to control the rising prices of essential food items, the government has banned wheat exports for the whole of 2007.

A notification from the Directorate General of Foreign Trade (DGFT) said the ban came into effect on February 9.

Agricultural commodities, including wheat, have contributed significantly to the steady rise in inflation, which stood at 6.58 per cent for the week ended January 27. The wholesale inflation level in wheat for the same week stood at 11.74 per cent.