Russia and Ukraine had already imposed restrictions on wheat exports amid the Russian conflict, but On Friday India, the world's second largest wheat exporter, suddenly banned exports
Restrictions on food exports by some countries will further push up international food prices as the world struggles with high energy prices
Adding to already high global inflation, India on Friday imposed a temporary ban on wheat exports
The DGTI said the decision was based on two main considerations: high inflation in India
Second, a sharp rise in international food prices caused by pollution conflicts threatens the food security of India and its neighboring countries
In fact, the pace of India's wheat exports has accelerated significantly since last year and the data shows that from March last year to March this year
India's wheat exports totaled 7.85 million tons, up 275 percent year-on-year and hitting a record high
The wheat export deal signed in May was about 1.5 million tonnes higher and India's wheat harvest has shrunk sharply compared to the same period last year
as exporters paid far more than the Indian government in the context of a conflict-free Russia
India's wheat production was lower than expected
India had expected to produce 11 billion tons of wheat between July last year and June this year
But because of the hot weather this year actual production has been much lower than expected partly because of the increase in exports and partly because of the downward revision in production
The price of flour in India has risen to its highest level since 2016, triggering inflation
In addition, India's agricultural fertilizer imports and Russia is the world's main fertilizer supplier
The Indian government suspended wheat exports amid a sharp rise in international fertiliser prices following the clash
A way to protect yourself when world food prices fluctuate dramatically
The current conflict between Russia and Ukraine has seriously affected the wheat export of Ukraine, a traditional agricultural power in Europe.
In previous years, the wheat export between Russia and Ukraine accounted for 1/3 of the world total
Wheat prices on the world market have soared by more than 40% since the conflict escalated in February and India is now the world's second largest wheat producer
A Reuters analysis said India's wheat export ban could push global food prices to new highs
Qu Dongyu, director-general of the Food and Agriculture Organization of the United Nations, said Friday at a meeting of the Group of Seven agriculture ministers in Stuttgart, Germany
Supply constraints caused by the war in Ukraine have pushed agricultural prices to record highs, threatening already vulnerable countries in Asia and Africa
The FAO says Russia and Ukraine play an important role in global agricultural markets
Commodity prices are soaring because of the uncertainty surrounding the conflict in particular wheat, corn and oil crops and fertilizers
The FAO food price Index hit 160 points in March, the highest since the index was set up in 1990
April saw only a slight dip in the conference speech in the eastern zone, which called on governments to exercise restraint
Avoid export restrictions that could exacerbate food prices and undermine trust in global markets, the New York Times said
India's sudden ban on wheat exports in this context will highlight the shortage of supplies in the global wheat market
The potential threat of famine is increasing in some countries and regions, according to the International Food Policy Research Institute in Washington
By early April, the number of countries in the world subject to food export restrictions had increased to 16. The UN World Food Programme has communicated with India
Hope Indian wheat can help solve global supply shortage and appeal to concerned countries not to ban export
Avoid price rises and worsening supply shortages that are most affected
North Africa, East Africa, the Middle East they depend on Russia and Ukraine
The dependence on grain is very high sometimes 60 percent sometimes even 80 percent and in this case these areas say
Prices are going through the roof and then regional unrest that's definitely gonna happen
Where did the refugees go to Europe of course because that's where they were closest to
So now the European countries are facing a very serious challenge
What will India's announcement of a ban on wheat exports do to the world's food supply and how should society respond to a potential food crisis
It is true that after the outbreak of the housing conflict India was not the main actor in the international crisis but because India actively stole the show
He was thrust into the spotlight some time ago because Not only did India not follow the west in imposing sanctions on Russia
Instead, it has ramped up its purchases of Russian oil to the fury of the West
This time the world is looking to India to step up wheat exports at a time when global grain prices are rising
India announced that it was going to attack its wheat exports so we have this g7
Finally issued a rare public statement denouncing India's actions
The current ban on wheat exports rather than rice could also be seen as an important tool in India's politicisation of food exports
Trying to save cheap food and its way to the center of international power in other words
India wants to use wheat as a weapon to break its way into the UN permanent security council
I doubt it because such an act in India could be counterproductive
Instead, it will damage India's image as a responsible power
At a time when food prices are already a golden wage bird and the global food crisis is coming to a head
Indeed, this unusual move by India could contribute to a food crisis by increasing tensions among the population
There is a fear that if more countries especially now the world produces a lot the United States Canada Brazil Argentina and so on
There are also similar actions to be taken in the great West sweeping mankind
So I think under the background of the current vegetation freezing
In order to avoid the emergence of a global western and humanitarian disaster, the United Nations should also take the initiative to take responsibility
Doing more includes once again urging countries that have adopted food protectionism to correct their mistakes immediately
Second, take concrete actions to immediately urge all parties concerned to engage with the ongoing process
Without conflict to free up the capacity of the two major food producers, the third is to ensure the safety of the Black Sea shipping lanes with respect to all parties concerned
To make sure that food gets out of Ukraine. And to take decisive action
To prevent the ongoing anti-globalization phenomena such as the us-China trade war to ensure the normalization of global food trade
Ok, thank you, Mr. Liu, for sharing your views with us online. Thank you