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India bans wheat exports


Wheat in the fields. File photoNEW DELHI, May 14. India has banned wheat exports, the ban is effective immediately, the Indian Ministry of Commerce and Industry said.

"Wheat export policy… "ban& #34; with immediate effect", the ministry said in a statement.

The ministry noted that exports would be allowed «in case of shipments in which an irrevocable letter of credit was issued on or before the date of this notice», and based on the permission of the Government of India to meet the food security needs of other countries «based on the request of their governments» .»Considering the sudden rise in the world price of wheat, caused by many factors, as a result of which the food security of India, neighboring and other vulnerable countries is at risk …, the Government of India is committed to ensuring the food security of India, neighboring and other vulnerable developing countries, on which are being adversely affected by sudden changes in the global wheat market and who cannot access adequate supplies of wheat,» the ministry said. wheatEarlier, the Indian authorities revised the forecast for the production wheat production in 2021-2022, reducing it by 5.7% to 105 million tons, due to the early start of summer, which affected crop yields. According to the official representative of the UN World Food Program Thomson Peary, the situation in Ukraine may lead to rising food prices and world hunger. He noted that the Black Sea basin is one of the most important regions for the production of grain and agricultural products, Ukraine and Russia account for 30% of world wheat exports, 20% of world corn exports and 76% of sunflower supplies, so any interruption in production or supply could lead to The European Union will help Ukraine to ensure the export of agricultural products

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