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India bans wheat exports, grain prices rise

16 May 2022

Due to heat waves, the grain harvest in India has declined sharply and grain prices have risen enormously. The government in India has therefore decided to ban the export of wheat from the country. This is expected to push up grain prices worldwide.

The main reason for the export ban is to ensure food security in India. The ban comes as a surprise, because the country previously announced that it was counting on record exports of wheat. India is the second largest wheat producer in the world after China. Exporting wheat from India is allowed only if agreements are in place on or before Friday, May 13, 2022 (the ban's effective date), or if it involves shipping to developing countries struggling with severe food shortages.

Source: Vakblad Voedingsindustrie 2022

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India bans wheat exports, grain prices rise

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