The impact of the battlefield clashes continue to ripple around the world.
“Russia’s war of aggression has generated one of the most severe food and energy crises in recent history, which now threatens those most vulnerable across the globe,” the leaders of the world’s wealthiest democracies, the Group of 7, said on Saturday.
The war has interrupted wheat production in Ukraine and Russia, both major suppliers, while fighting and blockades in the Black Sea have disrupted transport of the grain. And poor harvests in China, along with a heat wave in India and drought in other countries, have further snarled global supply.
But India, the world’s second-largest wheat producer, says it is banning exports with some exceptions, a move that could compound a worldwide shortfall worsened by the war in Ukraine and deepen an already dire forecast for hunger across the globe.
India has about 10 percent of the world’s grain reserves, according to data from the United States Department of Agriculture, a large surplus resulting from its heavily subsidizing of its farmers. It has been seen for months as a country that could help make up for global supply shortages.
The wheat export ban, announced in a Commerce Ministry notice dated Friday, appeared to be an about-face from earlier statements from Prime Minister Narendra Modi, who had told President Biden in April that the country was ready to supply the world from its reserves. He had also urged domestic wheat producers to seize the opportunity, saying that Indian officials and financial institutions should support exporters.