The export bans driving up food prices around the world ...Middle East

Economy by : (Quartz) -
In April, India’s minister of commerce and industry made a heroic announcement. The world was reeling from the sudden drop in wheat supplies when Russia and Ukraine, two of the world’s largest wheat exporters, curtailed their exports due to the war, but India would step in to fill the shortage.“Indian farmers are feeding the world,” Piyush Goyal, the Indian minister said on Twitter. “Our farmers have ensured our granaries overflow & we are ready to serve the world.”Less than a month later (May 13), India reversed its position, banning wheat exports after prices rose and a record-breaking heat wave damaged crops. India is the world’s second-largest producer of wheat, and the latest of more th

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