India, one of many world’s main wheat producers, has banned the export of wheat since final yr, the worth of which had risen towards the backdrop of Russia’s navy invasion of Ukraine. I indicated the coverage to proceed the ban. It also can have an effect on the worldwide worth of wheat.
In May final yr, the Indian authorities took measures to ban wheat exports in precept, citing home meals safety as the worth of wheat rose towards the backdrop of the scenario in Ukraine.
Regarding the ban, India’s commerce minister advised Indian media throughout a go to to Italy on the thirteenth, “We have to ensure that there is sufficient supply in the Indian market. We also need to keep inflation down.” , indicated that it’s going to proceed to take action.