Home
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New resources
New profile posts
Latest activity
Media
New media
New comments
Search media
Resources
Latest reviews
Search resources
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Public Forums
ASIA/INDO-PACIFIC - News, Alerts, Intel Releases
India Bans Wheat Exports
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="Adam_Butler" data-source="post: 874" data-attributes="member: 18"><p>Bloomberg News reported on May 13th & 14th, 2022, In a ploy to halt wheat constraints in India as a result of unmovable grains in Ukraine and a massive heatwave in the country, the nation of India has decided to prohibit wheat exports. </p><p></p><p>For countries in need of food security, will still be allowed to request directly to India to receive their wheat, but such requests will be reviewed and processed by India based on need. According to Reuters, exports backed by already issued letters of credit will also be allowed.</p><p></p><p>G7 members are disagreeing with India's decision to halt wheat exports. G7 members are nervous after Indonesia's palm oil export ban, they are afraid a global trend is manifesting that will further hurt the global economy.</p><p></p><p></p><p></p><p>It is worth noting that </p><p></p><p>Source #1 <a href="https://www.bloomberg.com/news/articles/2022-05-14/india-says-wheat-exports-prohibited-with-immediate-effect" target="_blank">Bloomberg News</a></p><p></p><p>Source #2 <a href="https://www.hindustantimes.com/world-news/g7-criticises-india-decision-to-stop-wheat-exports-germany-101652533657311.html" target="_blank">Hindustan Times</a></p><p></p><p>Source #3 <a href="https://www.reuters.com/markets/commodities/india-prohibits-wheat-exports-with-immediate-effect-2022-05-14/" target="_blank">Reuters</a></p></blockquote><p></p>
[QUOTE="Adam_Butler, post: 874, member: 18"] Bloomberg News reported on May 13th & 14th, 2022, In a ploy to halt wheat constraints in India as a result of unmovable grains in Ukraine and a massive heatwave in the country, the nation of India has decided to prohibit wheat exports. For countries in need of food security, will still be allowed to request directly to India to receive their wheat, but such requests will be reviewed and processed by India based on need. According to Reuters, exports backed by already issued letters of credit will also be allowed. G7 members are disagreeing with India's decision to halt wheat exports. G7 members are nervous after Indonesia's palm oil export ban, they are afraid a global trend is manifesting that will further hurt the global economy. It is worth noting that Source #1 [URL='https://www.bloomberg.com/news/articles/2022-05-14/india-says-wheat-exports-prohibited-with-immediate-effect']Bloomberg News[/URL] Source #2 [URL='https://www.hindustantimes.com/world-news/g7-criticises-india-decision-to-stop-wheat-exports-germany-101652533657311.html']Hindustan Times[/URL] Source #3 [URL='https://www.reuters.com/markets/commodities/india-prohibits-wheat-exports-with-immediate-effect-2022-05-14/']Reuters[/URL] [/QUOTE]
Verification
Post reply
Home
Forums
Public Forums
ASIA/INDO-PACIFIC - News, Alerts, Intel Releases
India Bans Wheat Exports
Top