Sun | Jun 26, 2022

India bans exports of wheat, citing threat to food security

Published:Saturday | May 14, 2022 | 10:45 AM
A labourer seals sacks filled with wheat in Gurdaspur, in the northern Indian state of Punjab, April 30, 2014. (AP Photo/Channi Anand, File)

NEW DELHI (AP) — India has banned exports of wheat effective immediately, citing a risk to its food security, partly due to the war in Ukraine.

A notice in the government gazette by the Directorate of Foreign Trade, dated Friday, said a spike in global prices for wheat was threatening the food security of India and neighbouring and vulnerable countries.

A key aim is to control rising domestic prices.

Global wheat prices have risen by more than 40% since the beginning of the year.

Before the war, Ukraine and Russia accounted for a third of global wheat and barley exports.

Since Russia's February 24 invasion, 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 stunting production.

Even though it is the world's second-largest producer of wheat, India consumes most of the wheat it produces.

It had set a goal of exporting 10 million tons of the grain in 2022-23, looking to capitalise on the global disruptions to wheat supplies from the war and find new markets for its wheat in Europe, Africa and Asia.

Much of that would have gone to other developing countries such as Indonesia, the Philippines and Thailand.

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