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Affected by the situation in Russia and Ukraine, many countries have turned to " food protectionism", and the global food supply has become increasingly ten.
India 'slams the brakes' on supplying food to the world
According to reports from the Times of India, Reuters and Bloomberg, on May 12, the Indian government just issued a statement saying that due to the increasing global demand for grains in the coming year, the Indian government will send trade delegations to many countries around the world to discuss the promotion of Indian whe.
export possibilities and set a record 10 million tonnes wheat export target for Ind.
Indian Prime Minister Narendra Modi also said after meeting.
President Joe Biden in April: "India is ready to start supplying food to the world from tomorr.
"
export possibilities and set a record 10 million tonnes wheat export target for Ind.
Indian Prime Minister Narendra Modi also said after meeting.
President Joe Biden in April: "India is ready to start supplying food to the world from tomorr.
"
However, India has recently suffered a severe heat wave and a sharp rise in domestic food prices, which officials hope to curb by banning wheat expor.
The General Administration of Foreign Trade of India suddenly issued a notice on the 13th, in order to meet the food security needs of India, neighboring countries and other developing countries, all wheat exports are prohibit.
However, the General Administration of Foreign Trade said that wheat exports for which an "Irrevocable Letter of Credit" (ILOC) had been issued before the 13th could contin.
Moreover, with the consent of the Indian government, other countries facing food security can still import wheat from Ind.
Moreover, with the consent of the Indian government, other countries facing food security can still import wheat from Ind.
G7 condemns India export ban
The export ban has hit Indian farmers ha.
Global wheat prices have risen more than 40 percent since the start of the ye.
Domestic wheat prices in India also rose to record highs, reaching as high as 25,000 rupees a ton in some spot markets, 5,000 rupees higher than the government's guideline, as farmers stockpiled wheat in an attempt to sell for a good pri.
Global wheat prices have risen more than 40 percent since the start of the ye.
Domestic wheat prices in India also rose to record highs, reaching as high as 25,000 rupees a ton in some spot markets, 5,000 rupees higher than the government's guideline, as farmers stockpiled wheat in an attempt to sell for a good pri.
The analysis believes that India's temporary ban on wheat exports is mainly based on two consideratio.
First, domestic inflation in India is high, and food prices have risen significant.
India's consumer price index (CPI) rose to 79% in April, the highest level in nearly eight yea.
Second, the extremely hot and dry weather since March has reduced wheat production by at least 2
Several reports have pointed out that extreme weather has seriously threatened food security in South As.
G7 agriculture ministers condemned India's decision to temporarily ban wheat exports on the 14.
First, domestic inflation in India is high, and food prices have risen significant.
India's consumer price index (CPI) rose to 79% in April, the highest level in nearly eight yea.
Second, the extremely hot and dry weather since March has reduced wheat production by at least 2
Several reports have pointed out that extreme weather has seriously threatened food security in South As.
G7 agriculture ministers condemned India's decision to temporarily ban wheat exports on the 14.
At the same time, food produced in Ukraine is difficult to sh.
The United Nations World Food Program (WFP) said on the 6th that about 25 million tons of grain are currently trapped in various port warehouses along Ukraine's Black Sea coast and cannot be shipped o.
By July and August, Ukrainian spring wheat will enter the harvest season, which will cause a lot of wheat to be wasted due to lack of storage spa.
WFP Administrator Dav.
"Ukrainian barns are full now, and 44 million people around the world are dying of starvation at the same time," said David Beasl.
"We have to open ports to get food out of Ukrai.
"
The United Nations World Food Program (WFP) said on the 6th that about 25 million tons of grain are currently trapped in various port warehouses along Ukraine's Black Sea coast and cannot be shipped o.
By July and August, Ukrainian spring wheat will enter the harvest season, which will cause a lot of wheat to be wasted due to lack of storage spa.
WFP Administrator Dav.
"Ukrainian barns are full now, and 44 million people around the world are dying of starvation at the same time," said David Beasl.
"We have to open ports to get food out of Ukrai.
"
Ukraine is the fifth-largest wheat exporter in the world, with low- and middle-income countries being its main export.
Ukraine's wheat production for the 2022/23 season is forecast at 25 million tons, 15 million tons less than in the 2021/22 season, according to forecast data released by the.
Department of Agriculture in M.
Ukraine's wheat production for the 2022/23 season is forecast at 25 million tons, 15 million tons less than in the 2021/22 season, according to forecast data released by the.
Department of Agriculture in M.
23 countries implement grain export restrictions
Affected by the conflict between Russia and Ukraine, governments of various countries seek to ensure local food supply, and export restrictions are frequently issu.
According to data released by the International Food Policy Research Institute (IFPRI), the conflict between Russia and Ukraine has led 23 countries to turn to food protectioni.
According to data released by the International Food Policy Research Institute (IFPRI), the conflict between Russia and Ukraine has led 23 countries to turn to food protectioni.
On May 9, Pakistani Prime Minister Shaba.
Sharif announced a total ban on sugar exports to stabilize prices and curb hoardi.
On May 7, Ukraine's Deputy Minister of Agricultural Policy and Food Vysots said that during the wartime state, Ukraine will impose export restrictions on buckwheat, rice and oats to avoid domestic shortag.
Sharif announced a total ban on sugar exports to stabilize prices and curb hoardi.
On May 7, Ukraine's Deputy Minister of Agricultural Policy and Food Vysots said that during the wartime state, Ukraine will impose export restrictions on buckwheat, rice and oats to avoid domestic shortag.
The institute's senior researcher, David Laborde, said the "dominoes" effect triggered by export restrictions had undermined the world trading syst.
European Bank for Reconstruction and Development chief economist Beata Javorcik warned that protectionism will only unreasonably "artificially" drive up already food prices and exacerbate global food insecuri.
European Bank for Reconstruction and Development chief economist Beata Javorcik warned that protectionism will only unreasonably "artificially" drive up already food prices and exacerbate global food insecuri.
