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G7 criticises India decision to stop wheat exports

G7 criticises India decision to stop wheat exports

The Hindu
Saturday, May 14, 2022 02:02:24 PM UTC

India on Saturday banned wheat exports without prior government approval.

Agriculture ministers from the Group of Seven industrialised nations on Saturday condemned India's decision to ban unapproved wheat exports after the country was hit by a punishing heatwave.

"If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German agriculture minister Cem Ozdemir said at a press conference in Stuttgart.

India on Saturday banned wheat exports without prior government approval after recent scorching temperatures hit production, in a blow to countries affected by supply shortages because of the war in Ukraine.

India, the world's second-largest wheat producer, said that factors including lower wheat production and sharply higher global prices because of the war meant that it was now worried about its own "food security".

All export deals agreed before the directive issued on Friday could still be honoured, but all future shipments needed to have government approval.

However, exports could also take place if New Delhi approved a request by other governments "to meet their food security needs."

The decision came as global agricultural markets were under severe stress due to Russia's invasion of Ukraine.

Read full story on The Hindu
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