You are currently viewing India bans exports of wheat, citing threat to food security

India bans exports of wheat, citing threat to food security

NEW DELHI — India has banned exports of wheat effective immediately, citing a risk to its food security, partly due to the war in Ukraine.

A notice in the government gazette by the Directorate of Foreign Trade, dated Friday, said a spike in global prices for wheat was threatening the food security of India and neighboring and vulnerable countries.

A key aim is to control rising domestic prices. Global wheat prices have risen by more than 40% since the beginning of the year.

Before the war, Ukraine and Russia accounted for a third of global wheat and barley exports. Since Russia’s Feb. 24 invasion, Ukraine’s ports have been blocked and civilian infrastructure and grain silos have been destroyed.

At the same time, India’s own wheat harvest has suffered from a record-shattering heat wave that is stunting production.

Even though it is the world’s second-largest producer of wheat, India

..... (Read more by following the post link below)

This post was originally published on this site