India bans wheat exports due to food security concerns – The National

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Gulf
  • Date: 15-May-2022
  • Source: The National
  • Sector: Oil & Gas
  • Country: Gulf
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India bans wheat exports due to food security concerns – The National

India prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the food security of the nation is under threat.

Exports will still be allowed to countries that require wheat for food security needs and based on the requests of their governments, India’s Directorate General of Foreign Trade said in a notification dated May 13. All other new shipments will be banned with immediate effect.

Food Secretary Sudhanshu Pandey said at a media briefing on Saturday that higher local wheat prices prompted the ban, and that costs are likely to fall after the move. The policy will allow some supplies to be diverted to the needy and vulnerable people across the world, Commerce Secretary B.V.R. Subrahmanyam said at the same event.

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