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.
BJP, which has been lagging in Tughlakabad assembly seat for the last two times, is in the fray w
Sandeep Pathak, who played an important role in getting the Aam Aadmi Party the status of a natio
A R Rahman is the owner of immense wealth, how much alimony will his ex-wife Saira get?
The country's famous singer and music composer AR Rahman has recently surprised everyone by annou
The Haryana Election 2024 Congress has suffered a second consecutive setback in the Rai constitue
In the 31st match of IPL 2024, Kolkata Knight Riders faced Rajasthan Royals on Tuesday. This exci
The prices of gas cylinders increased once again on Thursday. Petroleum companies have increased
In Bihar, now the discussion on the share of the new Mahagathbandhan government has started. That
According to Siraj-ul-Haq, chief of Pakistan's biggest political and religious party, Jamiat-e-Is
Delhi: Investment in agri-food startups doubles to $4.6 billion, e-grocery among top gainers
Investments in technology startups in the agriculture and food sector in FY22 increased two-fold
The country has again seen an increase in new cases and deaths after a day's shortfall. 16,107 ne
