New Delhi: The Government of India has imposed a ban on the export of wheat with immediate effect. The move comes at a time when wheat prices are rising across the world. In addition, the Russia-Ukraine war has disrupted the supply of wheat around the world. Meanwhile, the Indian government's decision to stop wheat exports has been criticised by the G-7 group of countries. [] German Agriculture Minister Kem Ozdemir has said that India's decision will increase the food crisis across the world. We call on India to assume its responsibility as a G20 member.
Let us tell you that due to the Ukraine-Russia war, there has been a big decrease in the export of wheat because these two countries are the world's largest food grain exporters. At the same time, the demand for wheat from India has increased after the supply from Ukraine and Russia was affected. Although Ukraine says it has 20 million tonnes of wheat, its trade route has been completely wiped out due to the war.
Kem Ojdemir said the issue will be taken up in the wake of the G-7 summit in Germany next month, when India's PM Narendra Modi attends the summit. "The ban on exports affects countries like Bangladesh and Nepal, which are in urgent need of it. We also recommend that a tough decision be taken at the G7 meeting on this issue, to which India will be invited. At the same time, the Indian government has said that it will allow exports to countries that request supplies to meet their "food security needs", as the report claims that wheat prices in India have reached record highs in some markets. Rising fuel and transportation costs have further pushed up the prices of wheat in India.
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