Wheat Ban- Reasons
Five reasons can be attributed to India's Wheat Export ban, experts say its called a Course correction
Five reasons:
- Wheat production in the current year is lower than 100 million tonnes against the initial estimates of a record 111.32 mt
- Procurement by Food Corporation of India dropped by 50 per cent compared with last year
- Wheat prices in the country began to increase in the wake of export demand triggered by the Russian-Ukraine war and soaring inflation
- Sharp surge in the global wheat prices that could have affected Indian Customers
- Fertilisers prices have more than trebled since the Russian-Ukraine war broke Out
