G7 criticizes India’s resolution to prevent wheat exports: Germany

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Agriculture ministers from industrialized Group of Seven countries on Saturday condemned India’s resolve to ban unapproved truffle exports after the country suffered a punitive heat wave.

“If it starts imposing restrictions on exports or end markets, the crisis would worsen,” German Agriculture Minister Cem Ozdemir told a news conference in Stuttgart.

India on Saturday banned wheat exports with government approval after recent scorching temperatures hit production, dealing a blow to countries hit by a shortage of sources due to the war in Ukraine.

India, the world’s second-largest wheat producer, said points such as declining wheat production and sharply rising global costs due to the war meant it was now concerned about its own “food security. “

All export agreements reached before the directive issued on Friday can still be fulfilled, but all long-term shipments must be approved by the government.

However, exports can also take a stand if New Delhi approves a request from other governments “to meet its food security needs. “

The resolution came at a time when global agricultural markets were under great pressure due to Russia’s invasion of Ukraine.

The classic bread basket has noticed that its shipments have been disrupted, and Ukraine’s agriculture minister is heading to Stuttgart to talk to G7 colleagues about the quality of their products.

Some “20 million tons” of wheat were in Ukrainian silos and would be exported “urgently,” Ozdemir said.

Before the invasion, Ukraine exported 4. 5 million tons of agricultural products a month from its ports, or 12% of the world’s wheat, 15% of its corn and some of its sunflower oil.

But with the ports of Odessa, Chornomorsk and others cut off from the world via Russian warships, the materials can transit congested and far less effective land routes.

At this critical juncture, G7 industrialized ministers suggested that countries around the world take restrictive measures that may increase tension in product markets.

They “spoke out against preventing exports and also demanded that markets be opened,” said Ozdemir, whose country holds the group’s rotating presidency.

“We are in India to fulfill your duty as a member of the G20,” Ozdemir added.

Agriculture ministers would also “recommend” that the issue be discussed at the G7 summit in Germany in June, which Indian Prime Minister Narendra Modi invited to participate.

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