The high cost of wheat in the world is forcing African countries to switch to cassava flour

Published 2022년 5월 12일

Tridge summary

India is contemplating halting its record wheat exports due to crop damage, food inflation, and international conflict-related supply issues. This dilemma could negatively impact the prime minister and his party. Meanwhile, Africa is cutting wheat from diets due to soaring prices, replacing it with cheaper alternatives like local rice and cassava flour. Australia and New Zealand have approved GMO wheat for sale, following Argentina and Brazil's lead, as a means to combat potential global supply restrictions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

India may abandon its idea to supply wheat to the whole world - to feed itself, and GMO wheat is gaining momentum Bloomberg contributors Pratik Pariah and Bibhudatta Pradhan write that the growing threat to food security poses a difficult question for Indian Prime Minister Narendra Modi: whether to continue sending wheat at a record pace to countries hit by supply cuts due to international conflicts, or to stock grain at home to protect against high inflation. “Intense heat has damaged the wheat crop in this South Asian country, prompting the government to consider export restrictions. Although the food ministry has said it sees no reason yet to control wheat exports, this situation will gather momentum and have political implications for Modi and his ruling Bharatiya Janata party, according to Bloomberg News. The article notes that “Frank Gbagidi, senior analyst at political risk consultancy Eurasia Group, said crop damage would limit India's ability to fill a growing supply gap, ...
Source: Zol

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