World’s second largest wheat producer bans exports

On Saturday, the world’s second-largest wheat-producing country banned wheat exports to maintain food security, according to a report published by the US’s “Fox News” network.

India’s director-general of foreign trade, Santosh Kumar Sarangi, signed the export ban, pointing out that the “sudden rise” in world wheat prices threatens India and other countries, according to the decision published in the Official Gazette on Friday.

The Decree authorizes the export of wheat from India in the event that there are agreed shipments with irrevocable credits prior to the date of the Decree, provided it is linked to an authorization granted by the Government of India to some countries to fulfill their food security needs, according to the report.

The report notes that while India is the second largest wheat producer in the world, it consumes most of the quantities produced.

He added that India had set a target of exporting 10 million tons of wheat between 2022 and 2023, most of which would go to Indonesia, the Philippines and Thailand.

India’s wheat crop suffered from record temperatures and inventories came under pressure due to free grain distributions during the Corona pandemic.

World wheat prices have risen by more than 40 percent since the beginning of 2022.

At a meeting in Stuttgart, Germany, on Saturday, agriculture ministers from the Group of Seven criticized India’s decision, which comes at a time when global wheat markets are experiencing major tensions over the conflict in Ukraine, according to an AFP report.

“If everyone starts imposing such restrictions on exports or even closing markets, it will only worsen the crisis and harm India and its farmers,” German Agriculture Minister Jim Ozdemir announced after meeting his colleagues. .

“We have decided to reject export restrictions and call for markets to be kept open. We call on India to assume its responsibilities as a member of the G20,” he added.

The Russian military attack on Ukraine, which began on February 24, severely affected agricultural activities in rural areas of this country, which before the invasion was the world’s fourth largest exporter of maize and would be the third largest exporter of wheat. become.

The blockade of the country’s ports has left about 20 tons of grain in silos waiting to be exported and this year’s crop is threatened.

High prices and food shortages threaten the risk of famine and social unrest, especially in poor countries that import their grain needs in large quantities.

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