India has banned wheat exports amid Russia's war against Ukraine
Wheat
India
Published May 17, 2022
Tridge summary
Unexpectedly, after India's statements on increasing wheat exports, India imposed a ban on grain exports. According to the government, New Delhi plans to use this step to stop the rapid rise in domestic prices. Some experts have already condemned the decision of the Indian government. The Indian government has imposed a ban on wheat exports due to a threat to its own food security, in part caused by Russia's war against Ukraine.
Original content
The announcement of the restrictive measure was published in the government newspaper and is dated Friday, May 13, AFP reports. With this step, the Indian government is trying to prevent a sharp rise in prices for wheat and flour in the domestic market. Since the beginning of the year alone, world wheat prices have risen by 40 percent, as Ukraine and Russia accounted for a third of world wheat and barley exports before the war. Heat and pandemic factor Another factor that has prompted the New Delhi government to resort to such restrictions is the considerable heat that has recently been observed in many parts of India. Extreme weather conditions have led to a sharp deterioration in this year's grain yield forecasts in India. In addition, during the COVID-19 coronavirus pandemic, India's strategic grain reserves declined significantly. India is the world's second largest producer of wheat. However, the lion's share of grain grown in the country goes to meet the needs of the ...
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