India explains wheat export ban ...News

Russia Today - Economy
India explains wheat export ban
source : Russia Today ( News ) () 8
New Delhi says it introduced the measure keep domestic food prices from rising India halted wheat exports this year in order to stop speculation in the grain market, Foreign Minister Subrahmanyam Jaishankar said at the GLOBSEC 2022 international security forum in Bratislava, Slovakia. “This year, before the heat hit us very hard, we were expected to have significant exports ... But what we saw was a kind of swoop on our wheat. Thus, in a way, our good will was used for speculation. So we had to do something to stop it, because it also affected us when domestic prices went up,” he explained. India usually exports a

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