IMF chief urged India to reconsider wheat export ban as soon as possible
Wheat
India
Published May 26, 2022
Tridge summary
India banned wheat exports earlier this month as a severe heat wave reduced output and domestic prices reached all-time highs. However, the country has stated that it will continue to allow exports to countries that request supplies "to meet their food security needs."
Original content
Kristalina Georgieva, the head of the International Monetary Fund (IMF), urged India on Tuesday to reconsider its ban on wheat exports, saying the country could play an important role in international food security and global stability. "I appreciate the fact that India needs to feed nearly 1.35 billion people, and I appreciate the heatwave that has reduced agricultural productivity," she told at the World Economic Forum in Davos, Switzerland. "But I would beg India to reconsider as soon as possible because the more countries step into export restrictions, the more others will be tempted to do so, and we will end up as a global community less equipped to deal with the crisis." When asked how much it would help if India lifted its ban, Georgieva responded, "Wheat is one of the areas where Ukraine and Russia have been dramatically impacted by the war, so depending on how much India can export and where it directs its exports, it could have a significant impact, especially if exports ...
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