G7 condemns India's decision to suspend wheat exports
G7 condemns India's decision to suspend wheat exports
India has abruptly banned wheat exports, citing food security risks. The decision comes at a time when wheat production has fallen to record highs due to a Russian invasion of Ukraine and intense heatwaves.
Meanwhile, the G-7 group of industrialized nations has condemned India's decision. In a statement on Saturday (May 14th), the country's agriculture ministers condemned India's decision. News Al-Jazeera .
Speaking at a news conference in Stuttgart, German Agriculture Minister Sam Ozdemir said: "If everyone starts banning exports or closing markets, it will only make the crisis worse." '
"In the current context, we urge India to take responsibility for addressing the crisis as a member of the G20," he said.
Although India is not the world's top wheat exporter, India's decision to suspend wheat exports could push global prices higher. Which could make the lives of poor consumers in Asia and Africa even more miserable.
Meanwhile, Indian government officials said in New Delhi on Saturday that wheat exports would be allowed to countries that have already requested an "open letter of credit" and supply to "meet their food security needs".
At the press conference, they said the ban would not last long and could be amended.
India's foreign directorate on Friday (May 13th) issued an official gazette notification banning wheat exports, saying the rise in global wheat prices posed a threat to food security in India and its neighbors and vulnerable countries. That is why this decision has been taken.
However, India's wheat production has not changed much this year. In this situation, the government officials of the country said that the local price of this grain has increased due to uncontrolled export.
"We do not want the wheat trade to be uncontrolled or stockpiled," Commerce Secretary BVR Subramaniam told reporters in the capital New Delhi on Saturday. '
India has abruptly banned wheat exports, citing food security risks. The decision comes at a time when wheat production has fallen to record highs due to a Russian invasion of Ukraine and intense heatwaves.
Meanwhile, the G-7 group of industrialized nations has condemned India's decision. In a statement on Saturday (May 14th), the country's agriculture ministers condemned India's decision. News Al-Jazeera .
Speaking at a news conference in Stuttgart, German Agriculture Minister Sam Ozdemir said: "If everyone starts banning exports or closing markets, it will only make the crisis worse." '
"In the current context, we urge India to take responsibility for addressing the crisis as a member of the G20," he said.
Although India is not the world's top wheat exporter, India's decision to suspend wheat exports could push global prices higher. Which could make the lives of poor consumers in Asia and Africa even more miserable.
Meanwhile, Indian government officials said in New Delhi on Saturday that wheat exports would be allowed to countries that have already requested an "open letter of credit" and supply to "meet their food security needs".
At the press conference, they said the ban would not last long and could be amended.
India's foreign directorate on Friday (May 13th) issued an official gazette notification banning wheat exports, saying the rise in global wheat prices posed a threat to food security in India and its neighbors and vulnerable countries. That is why this decision has been taken.
However, India's wheat production has not changed much this year. In this situation, the government officials of the country said that the local price of this grain has increased due to uncontrolled export.
"We do not want the wheat trade to be uncontrolled or stockpiled," Commerce Secretary BVR Subramaniam told reporters in the capital New Delhi on Saturday. '
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