Home News AFP: G7 condemns India’s decision to ban wheat exports

AFP: G7 condemns India’s decision to ban wheat exports

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Agriculture ministers in the Group of Seven (G7) have condemned India’s decision to ban wheat exports, France-Presse (AFP) reported on Saturday. In their view, such a step will only aggravate the crisis in the world grain market.

“If everyone starts imposing such restrictions on exports or even closing markets, this will only aggravate the crisis and harm India and its agricultural producers. We call on India to take responsibility as a member of the G20, “said German Food and Agriculture Minister Cem Ozdemir.

India’s Ministry of Commerce and Industry’s foreign trade directorate-general announced on Saturday that it has imposed a ban on wheat exports. “This decision was taken as part of measures to control the rise in domestic prices <...>“Given the sharp rise in world wheat prices caused by many factors,” the ministry said in a statement.

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However, the Indian authorities authorized the transport of cereals, for which irrevocable letters of credit were issued until 13 May. Another exception is the export of wheat with the consent of the Indian government to meet the needs of other countries, at the request of their authorities.

In March, India announced plans to take action in the near future to become the world’s largest exporter of wheat. However, for several reasons, including the intense heat in the areas where this cereal is grown, the republic now fears the lack of this crop in the domestic market.

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