India wheat ban dashes relief hopesBy Pratik Parija / BloombergIndia prohibited wheat exports that the world was counting on to alleviate supply constraints sparked by the war in Ukraine, saying that the nation’s food security is under threat. A farmer harvests wheat on the outskirts of Jammu, India, on April 28. Photo: APThe decision to halt wheat exports highlights India’s concerns about high inflation, adding to a spate of food protectionism since the war started. After Egypt, Turkey has also given approval to import wheat from India, it said. After the war hampered logistics in the Black Sea region, which accounts for about one-quarter of all wheat trade, India has tried to fill the vacuum.

Source: Taipei Times May 14, 2022 22:01 UTC