Why india Ban Wheat Exporting? What is the Main Reason ?
"wheat export from india"
"wheat export ban india in hindi"
"india wheat production"
"top wheat exporting countries"
"wheat exports india hindi"
"wheat price in india"
"wheat export news in hindi"
"when was the ban on export of wheat imposed"
"wheat export from india"
"wheat export ban india in hindi"
"india wheat production"
"top wheat exporting countries"
"wheat exports india hindi"
"wheat price in india"
"india ban wheat export in hindi"
"india ban wheat export impact"
"india ban wheat export with immediate effect"
"does india export wheat"
"do india export wheat"
"can we export wheat from india"
"how much wheat does india export"
"india export wheat to which country"
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.
The decision to halt wheat exports highlights India’s concerns about high inflation, adding to a spate of food protectionism since the war started. Governments around the world are seeking to ensure local food supplies with agriculture prices surging. Indonesia has halted palm oil exports, while Serbia and Kazakhstan imposed quotas on grain shipments.
Curbing exports would be a hit to India’s ambition to cash in on the global wheat rally after the war upended trade flows out of the Black Sea breadbasket region. Importing nations have looked to India for supplies, with top buyer Egypt recently approving the South Asian nation as an origin for wheat imports.
India this week outlined its record export target for the fiscal year that started on April 1, saying it would send trade delegations to countries such as Morocco, Tunisia, Indonesia and the Philippines to explore ways to boost shipments.
In February, the government forecast production of 111.32 million tonnes, the sixth straight record crop, but it cut the forecast to 105 million tonnes in May.
A spike in temperatures in mid-March means the crop could instead be around 100 million tonnes or even lower, said a New Delhi-based dealer with a global trading firm.
"The government's procurement has fallen more than 50%. Spot markets are getting far lower supplies than last year. All these things are indicating lower crop," the dealer said.
#short #shorts #india #ban_wheat_export #currentaffairs #modi #geopolitics #worldaffairs #studyiqeducation #wifistudy @wifistudybyUnacademy @studyiqofficial @Fitmanrecords @DRshorts #india_ban_wheat_export
Ещё видео!