World Grain - November 2023 - 32
INDIA
pulls wheat, rice off
the global market
Takes protectionist stance to combat food inflation
by Arvin Donley
I
n the spring of 2022, with global wheat prices soaring due to Russia's
blockade of top wheat exporter Ukraine's Black Sea ports, India appeared
poised to help fill some of that void on the global market.
Coming off several years of bumper harvests and with stockpiles at an
all-time high, India was positioned to become a player in international
wheat trade.
In the 12 months leading up to March 2022, India, the world's second-leading
wheat producer behind China, exported a record 7 million
tonnes of wheat, up 250% from the prior marketing year. A new age of
opportunity for Indian wheat producers appeared to be dawning.
" We already have enough food for our people, but our farmers seem
to have made arrangements to feed the world, " India Prime Minister
Narendra Modi proclaimed in April 2022.
But just a few weeks later, the Indian government abandoned its
plan for increased foreign shipments and instead issued a ban on wheat
exports. Why did its plans change so abruptly and drastically?
Oscar Tjakra, senior research analyst, RaboResearch Food and
Agribusiness, Asia, said India officials reversed course as " a result of
a smaller-than-expected marketing year 2022-23 wheat harvest, rising
food inflation, and low government wheat procurement under its MSP
program which affect the government's ability to supply wheat under
its domestic food assistance program. "
Tjakra noted that the 2022-23 crop was progressing well through
February 2022, raising expectations of another record wheat harvest.
But an unprecedented spike in temperatures in mid-March 2022 led
to an elevated percentage of smaller, shriveled and immature grains,
sending wheat yields lower.
The ban remains in place 18 months later as the Indian government,
along with the rest of the world, tries to deal with high food inflation
even though various agencies are forecasting a record global wheat
crop in 2023-24.
32
November 2023 / World Grain / World-Grain.com
©romantsubin, Romario Ien-stock.adobe.com
http://www.World-Grain.com
World Grain - November 2023
Table of Contents for the Digital Edition of World Grain - November 2023
World Grain - November 2023 - Intro
World Grain - November 2023 - 1
World Grain - November 2023 - 2
World Grain - November 2023 - 3
World Grain - November 2023 - 4
World Grain - November 2023 - 5
World Grain - November 2023 - 6
World Grain - November 2023 - 7
World Grain - November 2023 - 8
World Grain - November 2023 - 9
World Grain - November 2023 - 10
World Grain - November 2023 - 11
World Grain - November 2023 - 12
World Grain - November 2023 - 13
World Grain - November 2023 - 14
World Grain - November 2023 - 15
World Grain - November 2023 - 16
World Grain - November 2023 - 17
World Grain - November 2023 - 18
World Grain - November 2023 - 19
World Grain - November 2023 - 20
World Grain - November 2023 - 21
World Grain - November 2023 - 22
World Grain - November 2023 - 23
World Grain - November 2023 - 24
World Grain - November 2023 - 25
World Grain - November 2023 - 26
World Grain - November 2023 - 27
World Grain - November 2023 - 28
World Grain - November 2023 - 29
World Grain - November 2023 - 30
World Grain - November 2023 - 31
World Grain - November 2023 - 32
World Grain - November 2023 - 33
World Grain - November 2023 - 34
World Grain - November 2023 - 35
World Grain - November 2023 - 36
World Grain - November 2023 - 37
World Grain - November 2023 - 38
World Grain - November 2023 - 39
World Grain - November 2023 - 40
World Grain - November 2023 - 41
World Grain - November 2023 - 42
World Grain - November 2023 - 43
World Grain - November 2023 - 44
World Grain - November 2023 - 45
World Grain - November 2023 - 46
World Grain - November 2023 - 47
World Grain - November 2023 - 48
World Grain - November 2023 - 49
World Grain - November 2023 - 50
World Grain - November 2023 - 51
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World Grain - November 2023 - 57
World Grain - November 2023 - 58
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World Grain - November 2023 - 70
World Grain - November 2023 - 71
World Grain - November 2023 - 72
World Grain - November 2023 - 73
World Grain - November 2023 - 74
World Grain - November 2023 - 75
World Grain - November 2023 - 76
https://digital.world-grain.com/sosland/wg/world-grain-december-2024
https://digital.world-grain.com/sosland/wg/world-grain-november-2024
https://digital.world-grain.com/sosland/wg/world-grain-october-2024
https://digital.world-grain.com/sosland/wg/world-grain-september-2024
https://digital.world-grain.com/sosland/wg/world-grain-august-2024
https://digital.world-grain.com/sosland/wg/world-grain-july-2024
https://digital.world-grain.com/sosland/wg/world-grain-june-2024
https://digital.world-grain.com/sosland/wg/world-grain-may-2024
https://digital.world-grain.com/sosland/wg/world-grain-april-2024
https://digital.world-grain.com/sosland/wg/world-grain-march-2024
https://digital.world-grain.com/sosland/wg/world-grain-february-2024
https://digital.world-grain.com/sosland/wg/world-grain-january-2024
https://digital.world-grain.com/sosland/wg/world-grain-december-2023
https://digital.world-grain.com/sosland/wg/world-grain-november-2023
https://digital.world-grain.com/sosland/wg/world-grain-october-2023
https://digital.world-grain.com/sosland/wg/world-grain-september-2023
https://digital.world-grain.com/sosland/wg/world-grain-august-2023
https://digital.world-grain.com/sosland/wg/world-grain-july-2023
https://digital.world-grain.com/sosland/wg/world-grain-june-2023
https://digital.world-grain.com/sosland/wg/world-grain-may-2023
https://digital.world-grain.com/sosland/wg/world-grain-april-2023
https://digital.world-grain.com/sosland/wg/world-grain-march-2023
https://digital.world-grain.com/sosland/wg/world-grain-february-2023
https://digital.world-grain.com/sosland/wg/world-grain-january-2023
https://digital.world-grain.com/sosland/wg/world-grain-december-2022
https://digital.world-grain.com/sosland/wg/world-grain-november-2022
https://digital.world-grain.com/sosland/wg/world-grain-october-2022
https://digital.world-grain.com/sosland/wg/world-grain-september-2022
https://digital.world-grain.com/sosland/wg/world-grain-august-2022
https://digital.world-grain.com/sosland/wg/world-grain-july-2022
https://digital.world-grain.com/sosland/wg/world-grain-june-2022
https://digital.world-grain.com/sosland/wg/world-grain-may-2022
https://digital.world-grain.com/sosland/wg/world-grain-april-2022
https://digital.world-grain.com/sosland/wg/world-grain-march-2022
https://digital.world-grain.com/sosland/wg/world-grain-february-2022
https://digital.world-grain.com/sosland/wg/world-grain-january-2022
https://digital.world-grain.com/sosland/wg/world-grain-december-2021
https://digital.world-grain.com/sosland/wg/-world-grain-november-2021
https://digital.world-grain.com/sosland/wg/world-grain-october-2021
https://digital.world-grain.com/sosland/wg/world-grain-september-2021
https://digital.world-grain.com/sosland/wg/world-grain-august-2021
https://digital.world-grain.com/sosland/wg/world-grain-july-2021
https://digital.world-grain.com/sosland/wg/world-grain-june-2021
https://digital.world-grain.com/sosland/wg/world-grain-may-2021
https://digital.world-grain.com/sosland/wg/world-grain-april-2021
https://digital.world-grain.com/sosland/wg/world-grain-march-2021
https://digital.world-grain.com/sosland/wg/world-grain-february-2021
https://digital.world-grain.com/sosland/wg/2021_01_01
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https://www.nxtbook.com/sosland/wg/2015_04_01
https://www.nxtbook.com/sosland/wg/2015_03_01
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