News
The Indian Wheat Crisis: What We Know So Far
Agriculture ministers from the G7 industrialised nations immediately condemned India’s decision on Saturday.
India has banned exports of wheat effective immediately, citing a risk to food security, partly due to the Ukraine-Russia conflict and as a scorching heatwave curtailed output following economic inflation and decline in the value of Rupee.
Although not one of the world’s top wheat exporters, India’s ban can drive global prices to newer heights given already taut supply, hitting underprivileged consumers in Asia and Africa particularly hard.
“If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German agriculture minister Cem Ozdemir said at a news conference in Stuttgart.
“We call on India to assume its responsibility as a G20 member,” Ozdemir said.
Government officials in New Delhi said on Saturday that India would still allow exports backed by already issued letters of credit and to countries that request supplies “to meet their food security needs”.

-
Leaders Speak2 months agoDhofar International Development and Investment Company: Driving Sustainable Growth and Strategic Synergies in Oman’s Investment Landscape
-
Economy2 months agoMaal Card: What Oman’s New National Payment Card Means for Everyday Users
-
Events2 months agoOER Corporate Excellence Awards 2025 Honours Entities and Innovations in Oman
-
Banking & Finance1 week agoOman Oil Marketing Company Concludes Its Annual Health, Safety, Environment, and Quality Week, Reaffirming People and Safety as a Top Priority
-
News1 month agoSheikh Suhail Bahwan, Chairman of Suhail Bahwan Group, Passes Away
-
Economy2 months agoOman Unveils Official Omani Rial Symbol in Landmark Move to Boost Global Currency Presence
-
News1 month agoOIG Appoints New CEO to Lead Its Next Chapter of Excellence
-
News4 weeks agoReport: How India & The Middle East Are Exploiting Immense Economic Synergies
