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India halts wheat exports, citing food security threat

by Ayaz Ahmet
July 3, 2023
in World
1 min read
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Russia invasion of Ukraine poses a serious threat to global Food security as it is now world’s secondBiggest Producer of Wheat, India, decided to ban exports of cereal with Live effect.

notice in The government Directorate newspaper of Foreign Trade, on Friday, said a spike in global the prices for Wheat threatens food security of India and neighboring countries and weak countries. a key The goal is to control rising local prices. World wheat prices rose more More than 40% since the start of The year.

Before the war, Ukraine and Russia calculated for the third of global Wheat and barley exports. Since Russia February 24 invasionUkraine’s ports were closed, civilian infrastructure and granaries were banned destroyed.

At the same time, the wheat crop in India suffered from a record-has crashed heat The wave that hinders production. Although it world’s secondBiggest Producer of Wheat, India is the most consumed of the wheat it produces. had a set a goal of Export 10 million tons of cereal in 2022-23, looking to capitalize on capitalization on The global Wheat supplies disrupted by war and finding new markets for its wheat in Europe, Africa and Asia. Much of that would go to other developing countries countries Such as Indonesia, Philippines and Thailand.

away from problems with weather Crop damage, India’s huge stockpile of Wheat – a buffer zone against Famine – strained by distribution of Grain-free during the epidemic for about 800 million people. To balance supply and demandThe government Need about 25 million tons of wheat each year for Extensive nutritional well-being program that usually feeds more from 80 million people.

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