After India's ban on wheat exports, the G7 countries started criticizing India amid a jump in wheat prices across the world on Monday. This decision of India has deepened the crisis in America, Canada, Europe, and Australia. Wheat became costlier by 6 percent in Chicago on Monday. Western countries have criticized this decision of India and blamed it for this inflation. Although China took India's side on this decision, saying that the global food crisis cannot be solved by blaming developing countries.
Wheat production has decreased in India due to scorching heat and heatwave. In such a situation, seeing the rising price of wheat in the domestic market, the central government had decided to ban the export of wheat. However, a few days ago, the government had set a target of 10 million tonnes of wheat exports, which was enough to make up for the short supply due to the Ukraine crisis. But because of the inflation in the domestic market, the government decided to change the export policy. Rising wheat prices are creating a crisis for European countries already suffering due to the Ukraine war.
China bluntly, stop blaming developing countries
The Chinese government's newspaper Global Times said, blaming developing countries like India will not solve the food crisis. Developed countries (G7 members) stop doing this. Just as the agriculture ministers of the G7 countries are appealing to India to lift the ban on wheat exports, why don't they stabilize the supply of the food market by increasing their exports?
The Global Times wrote in its editorial that although India is the second-largest producer of wheat in the world, it accounts for only a small portion of global wheat exports. In contrast, some developed economies, including the US, Canada, the European Union, and Australia, are among the major exporters of wheat. If some Western countries reduce wheat exports because of a possible global food crisis, they will not be in a position to criticize India. China said India is under pressure to supply wheat to its people at this time. So his decision is not wrong.
18 lakh tonnes of wheat stuck at Indian ports
After India's ban, about 18 lakh tonnes of wheat are stuck at Indian ports. In such a situation, selling this wheat in the comparatively weak domestic market will hurt the sellers. Officials said, existing export sales would be allowed through letters of credit and government deals to meet food security requirements.
The film Game Changer directed by global star Shankar Shanmugam is all set to enthrall the audien
Indian opener and Karnataka captain Mayank Agarwal was admitted to a local hospital on Tuesday af
Sana Yousaf, who was entertaining fans by continuously sharing reels and videos on social media t
PM Narendra Modi has said that in this era of global instability, India has established itself as
The Deol family is going through one of the most emotional moments of their lives. Dharmendra, a
Before the monsoon session of Parliament, PM Modi said that this monsoon session is very proud fo
Bigg Boss 19: 'Baklava' is just an excuse Is this the reason why Tanya Mittal visits Dubai?
'You can love her, you can hate her, but you can't ignore her...', this is the condition of Tanya
King Kohli was left behind! After Joe Root, now Steve Smith is also ahead of Virat in Fab 4
Australia's swashbuckling batsman Steve Smith has put the team in a strong position in the second
The Supreme Court has given a big decision on abortion on Thursday. The court said that all women
India got a bronze medal on Tuesday, the fourth day of the Paris Olympics when the pair of Manu B
