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Wheat Prices Hit Record High After India Export Ban

 

CNBC: U.S., Europe race to improve food supply chains after India bans wheat exports 

* Ukraine has been unable to export grains, fertilizers and vegetable oil, while the conflict is also destroying crop fields and preventing a normal planting season. 

* Some nations have imposed restrictions on exports. 

* This is the case in India, for example, which announced Saturday a ban on wheat sales “to manage the overall food security of the country.” 

PARIS — The United States and the European Union are looking at how to improve food supply chains with export restrictions from India and other nations accentuating global problems, the EU’s trade chief told CNBC. 

G-7 foreign ministers warned over the weekend that the war in Ukraine is increasing the risk of a global hunger crisis. This is because Ukraine has been unable to export grains, fertilizers and vegetable oil, while the conflict is also destroying crop fields and preventing a normal planting season.  

Read more ....  

WNU Editor: Expect the coming storm later this year .... War-fueled food inflation will cause social unrest, UN official says (CNN). 

Wheat Prices Hit Record High After India Export Ban  

Ukraine war: Global wheat prices jump after India export ban -- BBC  

Wheat Soars in Risk to Food Inflation as India Restricts Exports -- Bloomberg  

Wheat Prices Hit Record High After India Export Ban -- AFP  

Global wheat prices hit record high -- RT  

Wheat prices surge to highest in more than 2 months following India’s ban on exports -- Market Watch



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