Wheat Crisis: India’s Ban on Wheat Export
On 13th May, 2022, the government banned all private wheat exports with immediate effect.
Rationale behind the Ban
- Heat Wave: The decision came amid widespread loss of yield due to abnormal heat waves in the major wheat-growing states of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh.
- Large parts of the crop had shrivelled due to the heat and, in certain cases, had become unfit for human consumption.
- High Inflation: Rising food and energy prices have pushed India’s annual retail inflation near an eight-year high at 7.79 per cent in April. Due to rising inflation, wheat prices in India have risen to record ....
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