India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier.
India's Commerce Secretary B.V.R. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July. India exported 1 million tons of wheat in April.A notice in the government gazette by the Directorate of Foreign Trade on Friday said a spike in global prices for wheat was threatening the food security of India and neighbouring and vulnerable countries.
Before the war, Ukraine and Russia accounted for a third of global wheat and barley exports. Since Russia's Feb. 24 invasion, Ukraine's ports have been blocked and civilian infrastructure and grain silos have been destroyed. He said India's wheat production this year has come down by three million tons from 106 million tons last year. Wheat prices have shot up by 20-40% in India.
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