India has announced an immediate ban on wheat exports, citing a risk to its food security partly due to the war in Ukraine and a spike in global prices.
A notice in the government gazette by the Directorate of Foreign Trade on Friday said a spike in global prices for wheat was threatening the food security of India and neighbouring countries. Before the war, Ukraine and Russia accounted for a third of global wheat and barley exports in India. But since Russia's invasion on 24 February, Ukraine's ports have been blocked and civilian infrastructure and grain silos have been destroyed.At the same time, India's own wheat harvest has suffered from a record-shattering heat wave that is affecting production.
Even though it is the world's second-largest producer of wheat, India consumes most of the wheat it produces.
Very wise 👏👏👏
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