{"id":546380,"date":"2022-05-15T04:00:24","date_gmt":"2022-05-15T04:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/india-bans-wheat-exports-to-all-except-vulnerable-countries\/"},"modified":"2022-05-15T04:00:24","modified_gmt":"2022-05-15T04:00:24","slug":"india-bans-wheat-exports-to-all-except-vulnerable-countries","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/india-bans-wheat-exports-to-all-except-vulnerable-countries\/","title":{"rendered":"India bans wheat exports to all except \u201cvulnerable countries\u201d"},"content":{"rendered":"

<\/a> India has joined the growing wave of food protectionism and banned wheat exports<\/strong> amid surging local prices and a severe heatwave<\/a> that is threatening to hit production. The government announced (pdf)<\/a> on Friday that it is prohibiting the export of wheat to \u201cmanage the overall food security of the country\u201d though will still permit shipments under existing letters of credit and allow countries who need wheat \u201cto meet their food security needs\u201d to apply to the government for an exemption.<\/p>\n

That sounds a lot like us: <\/strong>As the world\u2019s largest importer of wheat, Egypt has been hit hard by the grain shortage triggered by the Russia-Ukraine war. We usually source north of 80% of our wheat imports from the two countries, and are facing at least an additional EGP 15 bn<\/a> burden on this year\u2019s fiscal budget as a result of spiraling grain prices. Since the war broke out, the government has been in talks with a number of other wheat producers including India, which was added to the official suppliers list<\/a> last month.<\/p>\n

Sure enough, we\u2019re trying to get our name on that exemption list:<\/strong> \u201cThere are talks between India and Egypt on the highest levels to be part of the exemptions of this decision,\u201d head of the Agriculture Ministry\u2019s Quarantine Authority Ahmed El Attar told Reuters<\/a>. \u201cThere's constant communication with our ambassador in New Delhi.\u201d<\/p>\n

New Delhi says it will help those who need it most:<\/strong> As the world\u2019s second-largest wheat producer, India is \u201ccommitted to providing for the food security requirements of India, neighboring and other vulnerable developing countries which are adversely affected by the sudden changes in the global market for wheat and are unable to access adequate wheat supplies,\u201d the government said.<\/p>\n

Our first cargo of Indian wheat could soon be on its way to Egypt<\/strong>, according to the Agriculture Ministry, which said yesterday<\/a> that the 55k-ton shipment had passed inspection by ministry officials sent out to India.<\/p>\n

We\u2019re still trying to find new suppliers:<\/strong> The government has held talks with the US, Argentina<\/a>and France<\/a>, and is also considering purchasing supplies from Mexico and Pakistan<\/a>.<\/p>\n

Regardless of whether Egypt is <\/strong>allowed to continue purchasing wheat, India\u2019s ban will heap further pressure on the world\u2019s food supply<\/strong>, which is already under stress due to the conflict in Ukraine and severe weather in key producing countries.<\/p>\n

Making matters worse: Global wheat production is likely to fall for the first time in four <\/strong>years during the current marketing year<\/strong>, according to the US Department of Agriculture\u2019s platest forecast (pdf)<\/a> published. Production is expected to fall by 4.5 mn tons this year to 774.8 mn tons due to weaker harvests in Ukraine, Australia and Morocco, it said. Ukraine\u2019s wheat production could fall by 35% to 21.5 mn tonnes from the year before.<\/p>\n

The G7 is looking for ways to get Ukrainian wheat out of the country<\/strong> and ease the escalating global food crisis, German foreign minister Annalena Baerbock said yesterday, according to the Financial Times<\/a>. Speaking following a three-day meeting of G7 foreign ministers in Germany, Baerbock said that Russia\u2019s blockade of Ukrainian ports is preventing the export of some 25 mn tons of wheat. In its final communique (pdf)<\/a>, the group said it would \u201caddress the causes and the consequences\u201d of the global food crisis at the meeting of G7 development ministers, which is taking place on 18-19 May<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

India has joined the growing wave of food protectionism and banned wheat exports amid surging local prices and a severe heatwave that is threatening to hit production. The government announced (pdf) on Friday that it is prohibiting the export of wheat to \u201cmanage the overall food security of the country\u201d though will still permit shipments […]<\/p>\n","protected":false},"author":1,"featured_media":546381,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[317,72,1253,1404,182,270,1341,304,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-g7","tag-india","tag-inflation","tag-russia","tag-russia-ukraine-conflict","tag-ukraine","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"90d1ad70-45bd-4d6a-b57f-c43c3433bf2f","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/5\/176.jpg","photo_position":"above","related_issue":[546369],"teaser":"","voice_url":""},"yoast_head":"\nIndia bans wheat exports to all except \u201cvulnerable countries\u201d - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/india-bans-wheat-exports-to-all-except-vulnerable-countries\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India bans wheat exports to all except \u201cvulnerable countries\u201d\" \/>\n<meta property=\"og:description\" content=\"India has joined the growing wave of food protectionism and banned wheat exports amid surging local prices and a severe heatwave that is threatening to hit production. 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No details were given on the price paid in the private-sector purchase, which comes less than\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546418,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/egypt-to-receive-500k-tons-of-indian-wheat-despite-export-ban\/","url_meta":{"origin":546380,"position":1},"title":"Egypt to receive 500k tons of Indian wheat despite export ban","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"FROM THE DEPT. OF GOOD NEWS- We\u2019ve locked in 500k tons of Indian wheat ahead of New Delhi's export ban: Egypt has agreed to buy 500k tons of wheat from India, Supply Minister Ali El Moselhy told Reuters yesterday, adding that an export ban introduced by New Delhi last week\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/189.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546185,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/08\/some-good-news-on-the-wheat-front\/","url_meta":{"origin":546380,"position":2},"title":"Some good news on the wheat front","author":"enterpriseam admin","date":"8 May 2022","format":false,"excerpt":"WATCH THIS SPACE- We could be getting Ukrainian wheat through Polish and Lithuanian seaports: Polish President Andrzej Duda will visit Egypt next month to coordinate ways to ship Ukrainian wheat to Egypt amid the war, potentially through Polish seaports, Duda said in an interview with the Wall Street Journal on\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/85.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546573,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/poland-offers-to-transport-our-ukrainian-wheat-shipments-via-rail\/","url_meta":{"origin":546380,"position":3},"title":"Poland offers to transport our Ukrainian wheat shipments via rail","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Ukraine has offered to send Egypt wheat cargoes through Poland via rail, state news agency MENA quoted Supply Minister Ali El Moselhy as saying on Thursday. Some 300k tons of wheat booked for February and March delivery for Egypt are currently stranded in Ukrainian ports due to Russia\u2019s blockade of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547278,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/15\/no-end-in-sight-for-the-wheat-shortage\/","url_meta":{"origin":546380,"position":4},"title":"No end in sight for the wheat shortage","author":"enterpriseam admin","date":"15 June 2022","format":false,"excerpt":"Global markets could miss out on three consecutive Ukrainian wheat harvests, Ukraine\u2019s Agriculture Minister Mykola Solskyi told Reuters. \u201cWe cannot take out [to export] last year\u2019s crop, we cannot harvest and take out the current one, and we do not particularly want to sow the next one,\u201d Solskyi said. Ukraine\u2019s\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/wheat-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546454,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/the-local-wheat-harvest-isnt-costing-as-much-as-we-expected\/","url_meta":{"origin":546380,"position":5},"title":"The local wheat harvest isn\u2019t costing as much as we expected","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"We\u2019re spending less on local wheat than previously thought: The government has so far paid EGP 8.5 bn for some 1.85 mn tons of local wheat since the start of the harvest season at the beginning of April, state news agency MENA quoted Egyptian Holding Company for Silos and Storage\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=546380"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546380\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546381"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546380"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546380"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}