ADVERTISEMENT
Daily Expert News
No Result
View All Result
Saturday, May 27, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Home World Europe

India has banned most wheat exports, raising concerns about global food insecurity.

by Nick Erickson
May 14, 2022
in Europe
Reading Time: 3 mins read
128 5
0
India has banned most wheat exports, raising concerns about global food insecurity.
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT


India, the world’s second largest wheat producer, has banned grain exports, with few exceptions, a measure that could exacerbate a global deficit exacerbated by the war in Ukraine and the already bleak forecast for hunger over around the world could worsen.

The war has interrupted wheat production in Ukraine and Russia, which are major suppliers. Fighting and blockades in the Black Sea have disrupted the transportation of the grain. And poor harvests in China, along with a heat wave in India and drought in other countries, have further reduced global supply.

India has about 10 percent of the world’s grain reserves, according to data from the US Department of Agriculture, a large surplus due to the heavy subsidization of its farmers. It has been seen for months as a country that could help fill global deficits.

The wheat export ban, announced in a statement from the Commerce Department on Friday, appeared to be a reversal of previous statements by Prime Minister Narendra Modi. The Indian leader told President Biden in April that the country was ready to supply the world from its reserves. He also urged domestic wheat producers to seize the opportunity, saying Indian officials and financial institutions should support the exporters.

The Commerce Ministry’s report on Friday said wheat exports were immediately banned, with few exceptions, as a sudden spike in the price of the crop had threatened India’s food security. Limited exports will be allowed at the request of individual governments whose own food supplies are vulnerable, the report said.

The export ban could be another blow to international organizations working to counter the growing threat of widespread hunger. The World Food Programme, a United Nations agency, warned that an additional 47 million people could go hungry if the ripple effects of the war add to an existing crisis of sharp rises in food prices and fertilizer shortages.

In early May, the agency’s chief economist, Arif Husain, said it was in talks with India to tap into its stockpile to reduce the deficit. He also said the World Food Program had urged countries not to impose export bans because they could raise prices and reduce availability. “Hopefully the countries are listening,” he said.

Ashok Gulati, a prominent agricultural economist in India, said the ministry’s announcement came across badly to India as it contradicted the government’s previous comments about wanting to supply wheat to countries in need.

“If there’s a global wave, you can tame it by opening borders instead of closing them,” Gulati said.

The move is also unlikely to be popular with Indian farmers.

Ranbeer Singh Sirsa, a farmer in the state of Punjab, said the ban would likely affect wheat farmers who had recently benefited from higher prices and higher demand.

“If the price wants to go up, let it settle for the international price,” said Mr Sirsa. “Who are they trying to protect now, at the expense of farmers?”

ADVERTISEMENT
ADVERTISEMENT
Tags: bannedconcernsDailyExpertNewsexportsfoodGlobalIndiainsecurityRaisingwheat

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

Germany's plan would ease the path to citizenship, but not without a fight
Europe

Germany’s plan would ease the path to citizenship, but not without a fight

May 27, 2023
Barely noticing the war in public, Putin pretends that time is on his side
Europe

Barely noticing the war in public, Putin pretends that time is on his side

May 27, 2023
Ukrainian soldiers have begun training on US Abrams tanks, the Pentagon says
Europe

Ukrainian soldiers have begun training on US Abrams tanks, the Pentagon says

May 27, 2023
Belgian aid worker and Iranian diplomat released in prisoner exchange
Europe

Belgian aid worker and Iranian diplomat released in prisoner exchange

May 27, 2023
Russians hit Ukrainian hospital as both sides launch long-range strikes
Europe

Russians hit Ukrainian hospital as both sides launch long-range strikes

May 26, 2023
For Ukraine, far-right Russian volunteers provide worrying allies
Europe

For Ukraine, far-right Russian volunteers provide worrying allies

May 26, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Who is Nate Paul, the donor at the center of the case?

Who is Nate Paul, the donor at the center of the case?

May 27, 2023
'Anatomy of a Fall' wins the Palme d'Or

‘Anatomy of a Fall’ wins the Palme d’Or

May 27, 2023
Stanley Engerman, revisionist scholar of slavery, dies at age 87

Stanley Engerman, revisionist scholar of slavery, dies at age 87

May 27, 2023
Starting at West Point, Kamala Harris says the military's strength lies in diversity

Starting at West Point, Kamala Harris says the military’s strength lies in diversity

May 27, 2023
ADVERTISEMENT

Recent News

Who is Nate Paul, the donor at the center of the case?

Who is Nate Paul, the donor at the center of the case?

May 27, 2023
'Anatomy of a Fall' wins the Palme d'Or

‘Anatomy of a Fall’ wins the Palme d’Or

May 27, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2023

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2023

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?