India, the world's second-largest wheat producer, bans all wheat exports after record-breaking heatwave

Posted 40 days ago

From WWW.THEBLAZE.COM

India has banned all wheat exports following a widespread heatwave that affected the country’s supply of the crop.

A notice that was sent out in the government gazette by the directorate of foreign trade, on Friday, said the food security of India, its neighboring, and vulnerable countries was being threatened by the rise in global wheat prices. Global wheat prices have increased by more than 40% since the beginning of the year.

The Guardian reported that one of the Indian government’s key aims is to control the rising cost of domestic food prices.

Prior to the Russian President Vladimir Putin’s invasion of Ukraine, both countries accounted for a third of global wheat and barely exports. Since Russia’s February invasion, Ukraine’s ports have been blocked and civilian infrastructure and many grain silos have been destroyed.

Western nations have also issued thoroughgoing sanctions on Russia making trade with the country incredibly difficult.

While Russian and Ukrainian wheat exports were being tied up due to war, India’s own wheat harvest experienced stunted production rates due to a record-breaking heatwave.

Even though India is the world’s second largest producer of wheat, it’s population consumes the lion’s share of the crop it... (Read more)