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India has announced a ban on wheat exports, saying the country’s food security is under threat.
India’s Directorate General of Foreign Trade said in a notice dated May 13 that exports of wheat to countries requested by the government for food security needs would still be permitted.
Decision to suspend wheat exports highlights India’sQualcomminflation worries. Since the outbreak of the Russia-Ukraine conflict, global food trade protectionism has risen. Indonesia halted palm oil exports, while Serbia and Kazakhstan imposed quota restrictions on grain exports. Soaring agricultural prices are prompting governments to seek to secure local food supplies.
Media reported earlier this month that India’s record-breaking heatwave has severely impacted the country’s wheat production, prompting the government to consider imposing restrictions on exports.
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Responsible editor: Wang Maohua