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GYAN GANGA INTERNATIONAL SCHOOL

PRESENTATION ON WHY INDIA BANNED


EXPORT OF WHEAT

SUBMITTED BY: PUSHKAR SINGLA


SUBMITTED TO: DIVYA MAM
Why has India imposed a ban on wheat export ?

Five reasons can be attributed to the ban. One,


wheat production this year is feared to be lower
than 100 million tonnes (mt) against initial
estimates of a record 111.32 mt. Two,
procurement by the Food Corporation of India
(FCI) dropped by over 50 per cent compared
with last year. Three, wheat prices in the country
began to increase in the wake of export demand
triggered by the Russia-Ukraine war and soaring
inflation. Four, a sharp surge in global wheat
prices that could have affected Indian consumers
and five, fertilizer prices have more than trebled
since the Russia-Ukraine war broke out. It will
likely lead to lower sowing of wheat across the
world and thus, the tight supply situation may
continue into 2023.
How Heatwave affected wheat
production in India
The government in February had forecast wheat
?
production at 111.32 million tonnes, the sixth straight
record crop, but in May, it had cut the forecast to 105
million tonnes.
Quoting a New Delhi-based dealer with a global trading
firm, Reuters reported that a spike in temperatures in mid-
March means the wheat crop could instead be around 100
million tonnes or even lower. “The government’s
procurement has fallen more than 50 per cent. Spot
markets are getting far lower supplies than last year. All
these things are indicating lower crop
G7 response on India’s decision:-
Agriculture ministers from the
Group of Seven industrialised
nations on Saturday condemned
India's decision to ban
unapproved wheat exports after
the country was hit by a
punishing heatwave.
"If everyone starts to impose
export restrictions or to close
markets, that would worsen the
crisis," German agriculture
minister Cem Ozdemir said at a
India’s defense against G7 allegations
On 19 May, Union minister V
Muraleedharan, speaking on the issue at
the 'Global Food Security Call to Action'
at the UN Security Council, said, "It is
necessary for all of us to adequately
appreciate the importance of equity,
affordability and accessibility when it
comes to food grains. We have already
seen to our great cost how these principles
were disregarded in the case of COVID-19
vaccines. Open markets must not become
an argument to perpetuate inequity and
promote discrimination."
Conclusion
India’s ban on wheat exports has
delivered a fresh blow to world
markets already reeling from tight
supplies due to output issues in
traditional export powerhouses
Canada, Europe and Australia and
snarled supply lines in the war-torn
Black Sea area. However, India is
a crucial supplier of wheat to its
neighbours and the Indian
government is committed to ensuring
food security of neighbours and
vulnerable countries.

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