‘The crisis will deepen..’, India’s action on wheat export stirred up the world
The Government of India has banned the export of wheat with immediate effect. This decision has been taken when the prices of wheat are increasing all over the world. Apart from this, the supply of wheat has been disrupted worldwide due to the Russo-Ukraine war. Meanwhile, the Indian government’s decision to stop wheat exports has been criticized by the G-7 group of countries. Germany’s Agriculture Minister Kem Ozdemir has said that this move of India will increase the food crisis in the world. We call upon India to assume its responsibility as a G20 member.
Let us tell you that due to the Ukraine-Russia war, there has been a big decline in the export of wheat as both these countries are the world’s largest food exporters. At the same time, the demand for wheat from India has increased after supplies from Ukraine and Russia were affected. Although Ukraine says it has 20 million tonnes of wheat, its trade route has been completely destroyed by the war.
The issue will be raised in the G-7 summit
Kem Ozdemir said the issue would be raised during the G-7 summit in Germany next month, when India’s Prime Minister Narendra Modi will attend the summit. He said, “The ban on export affects countries like Bangladesh and Nepal, which are in urgent need of it. We also recommend that a concrete decision be taken on this issue in the G7 meeting, to which India will be invited.
The Indian government has said it will allow exports to countries that request supplies to meet their “food security needs”, as reports claim wheat prices in India hit record highs in some markets. But have reached. Rising fuel and transportation costs have further pushed up wheat prices in India.
India exported 70 tonnes of wheat in March
Let us inform that India had exported 70 lakh tonnes of wheat in March i.e. last financial year, which is 250 times more than last year. At the same time, in April, the country had exported 14 lakh tonnes of wheat. Now India has put the export of wheat in the category of ‘restricted’ goods.
Wheat given to the states also cut
Here, after the ban on the export of wheat, it has been said from the Center that this step has been taken in view of the rising prices. On the other hand, the situation is that in eight states, it has been decided to cut the wheat given in free ration from next month. Now considering it as the concern of poor families only, it is not right to consider all is well for yourself. The situation is serious.
Why did such a situation happen?
It is also important to understand that after all, why there was a need to cut wheat due to the scheme of free food grains? It has happened that the government buys wheat from farmers at MSP and delivers the same to the public under the scheme of free food grains. This time it has happened that the price of wheat has increased in the global market amid the Russo-Ukraine war. This is because both Russia and Ukraine are big exporters of wheat. If the price increased, instead of the government market, the traders bought more wheat of the farmers.
As a result, according to the data till May 1, the stock of wheat in the government warehouse reached the lowest level in five years. It is estimated that the government procurement of wheat has been reduced by 30 percent as compared to last year. It is likely to decrease further in the future. The clouds of inflation have started hovering over bread-biscuit too. The problem and concern in this wheat game is for everyone.