Very interesting article! India 's wheat export was around 7 million tonnes in 2021 and India was looking to export 10 million tonnes of wheat in 2022-23. But to control rising domestic prices and to manage overall food security of our country ,the central government has taken the right step to ban wheat exports.
The retail inflation had surged to an eight year high in April 2022 due to the high prices of fuel and food items.The Russia Ukraine war has created havoc and economic turmoil in all countries.
Refreshingly hard hitting and an eye opener Anil. Thank you for this great analysis. It is high time that India wakes up and takes care of itself first. Why have these farsighted in the WEF in Davos, kept silent on the decisions taken by OPEC ? India was never a leader in exports of foodgrains and with a huge population to feed, our correct decision is to first ensure smooth flow of availability of foodgrains for our own population. I applaud the decision of the government and we should consider export of foodgrains when we have surplus and the global prices are really attractive. The scenario of protesting farmers will be a thing of the past. Topical and searching.... keep going Anil.
As always very well written Anil, but then India needs to feed its own family( not a small one😊 )before we can share/distribute/trade with the rest of the world.
To supplement , the argument being advanced by the developed nations is all wrong !
They must appreciate that it is not about restrictions on trade but the fact that the shortages in domestic supply of wheat which may just be adequate to meet the domestic demand implies that for certain period India has lost the Comparative Advantage and hence it is not feasible to do trade in wheat.
Secondly restrictions which they talk about are in fact what they have imposed on Russia. Of course such restrictions are retaliation to the war between Russia and Ukraine !
Dear Anil
Very interesting article! India 's wheat export was around 7 million tonnes in 2021 and India was looking to export 10 million tonnes of wheat in 2022-23. But to control rising domestic prices and to manage overall food security of our country ,the central government has taken the right step to ban wheat exports.
The retail inflation had surged to an eight year high in April 2022 due to the high prices of fuel and food items.The Russia Ukraine war has created havoc and economic turmoil in all countries.
Refreshingly hard hitting and an eye opener Anil. Thank you for this great analysis. It is high time that India wakes up and takes care of itself first. Why have these farsighted in the WEF in Davos, kept silent on the decisions taken by OPEC ? India was never a leader in exports of foodgrains and with a huge population to feed, our correct decision is to first ensure smooth flow of availability of foodgrains for our own population. I applaud the decision of the government and we should consider export of foodgrains when we have surplus and the global prices are really attractive. The scenario of protesting farmers will be a thing of the past. Topical and searching.... keep going Anil.
As always very well written Anil, but then India needs to feed its own family( not a small one😊 )before we can share/distribute/trade with the rest of the world.
To supplement , the argument being advanced by the developed nations is all wrong !
They must appreciate that it is not about restrictions on trade but the fact that the shortages in domestic supply of wheat which may just be adequate to meet the domestic demand implies that for certain period India has lost the Comparative Advantage and hence it is not feasible to do trade in wheat.
Secondly restrictions which they talk about are in fact what they have imposed on Russia. Of course such restrictions are retaliation to the war between Russia and Ukraine !
This helps build an informed perspective. Very balanced. It is apt to say that you have separated the wheat from the chaff 😊