India bans wheat exports with immediate effect
In a major U-turn amid calls for ban/cap to curb rising prices, India last night decided to ban wheat exports with immediate effect.
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In a major U-turn amid calls for ban/cap to curb rising prices, India last night decided to ban wheat exports with immediate effect.
NEW DELHI: India has banned wheat exports that the world was counting on to alleviate supply disruptions sparked by the war in Ukraine, saying that its own food security is threatened by a sudden spike in global prices of the grain. The South Asian nation is the world’s second-largest wheat producer. Though India consumes most of the wheat it produces, for months it has been
India cited threats to food security and rising prices as reasons behind the policy U-turn. Global buyers had turned to India for wheat supplies after Russia's war on Ukraine disrupted agriculture markets.
The full impact of the wheat ban on farmers will be known only in the next few days, say experts
When Dr Qu Dongyu, Director-General of the UN Food and Agriculture Organisation (FAO), said on May 4 that a record 193 million people are faced with acute hunger and food insecurity, he actually was trying to draw attention of the international community to how severely the destruction of rural live