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India banned wheat exports with immediate effect on Saturday, just days after saying it was targeting record shipments this year, as a scorching heatwave curtailed output and local prices hit an all-time high amid strong export demand. The government said it would still allow exports for letters of credit that have already been issued and on the request from countries that are trying “to meet their food security needs.” Global buyers were banking on the world’s second-biggest wheat producer for supplies after exports from the Black Sea region plunged following Russia’s invasion of Ukraine in late February. Prior to the ban, India was targeting to ship out a record 10 million tonnes this year. The Indian ban could drive up global prices to new peaks and hit poor consumers in Asia and Africa. “The ban is shocking,” a Mumbai-based dealer with a global trading firm said. “We were expecting curbs on exports after 2-3 months, but seems inflation numbers changed government’s mind.”
originally posted by: anonentity
a reply to: Sander1976
It appears to be a lot of coincidences occurring with regard to food supplies.
originally posted by: 19Bones79
a reply to: Sander1976
Elites initiated the class warfare.
In response, the world population has mastered the art of apathy.
Moooooo!
originally posted by: 19Bones79
a reply to: AaarghZombies
Thank you for standing up for the elite, good citizen!
originally posted by: 19Bones79
a reply to: Sander1976
Elites initiated the class warfare.
In response, the world population has mastered the art of apathy.
Moooooo!
Or a violent revolution will start and the people are able to take the criminals out of the game (wishful thinking...), consciously and purposefully, and destroy their complete evil game of global chess with us as peasants right after that. For whatever it takes.
The more that I read your comments the more that I'm reminded of a little man standing on a soap box reading from the books of Marx.
originally posted by: AaarghZombies
a reply to: ElGoobero
He's not withholding grain, he's preventing it from being sold at a higher price overseas as a cash crop while his own people face rising food prices.
He's putting India first, and I hope that Washington would do the same under similar circumstances. Trump certainly would have had something to say about American companies selling food overseas while American's starved.