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.
Booster Dose: DCGI Approves Corbevax as Booster Dose, Biologicals Announces
Corona Vaccine Booster Dose: Biological E's corona vaccine Corbevax (Corbevax) has been approved
Despite being elected to the Indian team for the upcoming ODI series against Australia, Virat Koh
Four villages were destroyed in a massive landslide in Wayanad, Kerala on Tuesday due to heavy ra
Google: Google violating CCI order, charging more commission from app developers
The Alliance of Digital India Foundation (ADIF) on Thursday said that the American company Google
Fans have been waiting for Allu Arjun's Pushpa 2 The Rule for a long time. This is one of the mos
I2U2 Summit: The first meeting of the leaders of the I2U2 group countries took place today. India
The entire North India including Delhi-NCR is facing the brunt of severe cold these days. Cold wa
Alt News co-founder Mohammad Zubair gets interim relief from Supreme Court in the UP case. The ap
The Supreme Court has issued notice to the Enforcement Directorate (ED) on AAP leader Satyendar J
PM Modi's meeting with BJP officials on August 17, brainstorming will be done on the new president
Prime Minister Narendra Modi will hold a meeting with BJP officials across the country on August
