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India has banned the export of wheat due to a reduction in production and rising prices. This could drive up the cost of wheat globally and hit poor consumers in Asia and Africa.

“India banned wheat exports with immediate effect on Saturday, just days after saying it was aiming for record shipments this year. As scorching heat cut production and local prices hit record highs amid strong export demand.

The country will allow the export of letters of credit already issued and at the request of countries that are trying to “meet their food security needs.” Worldwide buyers were hoping for wheat supplies, as India is the world’s second largest wheat producer. Exports from the Black Sea region dropped sharply after the start of the Russian special operation in Ukraine.

The price of wheat in India has risen to a record high of Rs 25,000 per ton, compared to the government’s minimum support price of Rs 20,100. In April, India exported 1.4 million tons of wheat, in May the country signed agreements on the export of about 1.5 million tons. In India, inflation reached an eight-year high due to rising food and energy prices.

Some countries may face famine due to a possible cessation of wheat supplies from the Russian Federation and Ukraine, The Guardian wrote, citing the president of the International Fund for Agricultural Development, Gilbert Hungbo. Spiegel reported that famine due to the cessation of wheat exports threatens Africa and the Middle East.

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India has banned the export of wheat due to a reduction in production and rising prices. This could drive up the cost of wheat globally and hit poor consumers in Asia and Africa. “India banned wheat exports with immediate effect on Saturday, just days after saying it was aiming for record shipments this year. As scorching heat cut production and local prices hit record highs amid strong export demand. The country will allow the export of letters of credit already issued and at the request of countries that are trying to “meet their food security needs.” Worldwide buyers were hoping for wheat supplies, as India is the world’s second largest wheat producer. Exports from the Black Sea region dropped sharply after the start of the Russian special operation in Ukraine. The price of wheat in India has risen to a record high of Rs 25,000 per ton, compared to the government’s minimum support price of Rs 20,100. In April, India exported 1.4 million tons of wheat, in May the country signed agreements on the export of about 1.5 million tons. In India, inflation reached an eight-year high due to rising food and energy prices. Some countries may face famine due to a possible cessation of wheat supplies from the Russian Federation and Ukraine, The Guardian wrote, citing the president of the International Fund for Agricultural Development, Gilbert Hungbo. Spiegel reported that famine due to the cessation of wheat exports threatens Africa and the Middle East.

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