Quantcast
DW.COM dw.com 14 May, 2022 11:30 am

India bans wheat exports amid severe heat wave

India bans wheat exports amid severe heat wave
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.

India cited threats to food security and rising prices as reasons behind the policy U-turn.The government said in a notification on Friday night that it would still allow exports backed by already issued letters of credit and to those nations that request supplies "to meet their food security needs." The notice by the Directorate of Foreign Trade said that a rise in global prices for wheat was threatening the food security of India and neighboring and vulnerable nations.Global buyers had turned to India for wheat supplies after Russia's war on Ukraine disrupted agriculture markets.

War in Ukraine forced wheat buyers to turn to India Global buyers were relying on wheat supplies from India as the war in Ukraine destabilized the agriculture markets.Since the war, Ukraine's ports have been blocked and grain silos have been destroyed.

Read full story at dw.com