The G7 countries have criticized the ban imposed by the Indian government on the export of wheat. Agriculture ministers of the Group of Seven Industrialized Countries on Saturday opposed the move by the Indian government.
The G7 countries have criticized the ban imposed by the Indian government on the export of wheat. Agriculture ministers of the Group of Seven Industrialized Countries on Saturday opposed the move by the Indian government. Germany’s Agriculture Minister Kem Ozdemir, speaking to the media in Stuttgart, said that if everyone started exporting restrictions or closing markets, it would only aggravate the crisis.
Significantly, India on Saturday banned the export of wheat, giving a blow to the countries affected by the shortage of supplies due to the war in Ukraine. Let us tell you that India is the second largest wheat producing country in the world. India has said that it is concerned about its “food security” given the low wheat production and the war situation. The Directorate General of Foreign Trade (DGFT) said in a notification on May 13, “The export policy of wheat has been put on hold with immediate effect.” However, the Directorate General said that export consignments issued by irrevocable Letter of Credit (LoC) on or before the date of this notification will be allowed.
Before the war, Ukraine had been exporting 4.5 million tonnes of agricultural produce per month through its ports. In which wheat was 12 percent. But after Odessa, Kornomorsk and other ports were cut off from the world by Russian warships, supply is possible only by road. In such a situation, Ukraine’s exports have decreased very rapidly. In times of crisis, ministers of the G7 industrialized countries have urged countries around the world not to take restrictive action, so that markets do not increase further pressure. Germany’s Agriculture Minister said that we appeal to India to understand its responsibility as a G20 member. Has been done.
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