India has banned wheat exports as the price of grain surged this year due in part to the Russia-Ukraine war. T. Narayan | Bloomberg | Getty Images India has banned wheat exports, becoming the latest country to do so as the price of grain surged this year due in part to the Russia-Ukraine war. The war has triggered a huge spike in wheat prices, with Russia and Ukraine among the biggest exporters of the commodity. Both countries account for 29% […]
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India, the world’s second-largest wheat producer, has banned exports of the grain with some exceptions, a move that could compound a worldwide shortfall worsened by the war in Ukraine and exacerbate an already dire forecast for hunger across the globe. The war has interrupted wheat production in Ukraine and Russia, which are major suppliers. Fighting and blockades in the Black Sea have disrupted transport of the grain. And poor harvests in China, along with a heat wave in India and […]
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Ban ‘totally unexpected’ – India trade group U.S. urges cooperation rather than export bans Indonesian govt under pressure to control cooking oil prices Global prices at records this year after Indonesian curbs Edible oils markets roiled by Ukraine conflict; few replacements JAKARTA, April 22 (Reuters) – Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The […]
