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LATEST NEWS UPDATES | G7 Ministers Condemn India’s Decision to Ban Wheat Exports Amid Ukraine Crisis

G7 Ministers Condemn India’s Decision to Ban Wheat Exports Amid Ukraine Crisis

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published Published on May 14, 2022   modified Modified on May 15, 2022

-TheWire.in

"If everyone starts to impose export restrictions or to close markets, that would worsen the crisis," German agriculture minister Cem Ozdemir told the news agency AFP.

New Delhi: Agriculture ministers from the Group of Seven (G7) industrialised nations on Friday, May 13 condemned India’s decision to ban unapproved wheat exports after the country was hit by a punishing heatwave.

“If everyone starts to impose export restrictions or to close markets, that would worsen the crisis,” German agriculture minister Cem Ozdemir told AFP at a press conference in Stuttgart.

“We call on India to assume its responsibility as a G20 member,” AFP reported Ozdemir as saying.

India on Friday announced a ban on wheat exports with immediate effect as part of measures to control rising domestic prices, The Wire reported. However, it allowed wheat shipments with valid irrevocable letters of credit issued on or before the date of the notification.

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TheWire.in, 14 May, 2022, https://thewire.in/world/g7-ministers-condemn-indias-decision-to-ban-wheat-exports-amid-ukraine-crisis


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