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Bank governor in 'apocalyptic' warning over rising food prices
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<blockquote data-quote="le bon paysan" data-source="post: 8145653" data-attributes="member: 104"><p><h2>Hundreds of thousands of tons of wheat were blocked on May 17, 2022 in a major Indian port due to the ban on exporting the cereal announced this weekend by New Delhi.</h2><p></p><p><strong>India, the world's second-largest wheat</strong> producer , on Saturday ordered wheat traders not to enter into new <strong>export</strong> deals without prior government approval.</p><p>The sudden announcement caused chaos at Deendayal Port Trust (DPT) in the western state of Gujarat, where some 4,000 trucks loaded with <strong>wheat</strong> were stuck on Tuesday.</p><p></p><p>> <em>To read also</em> : <a href="https://www.lafranceagricole.fr/actualites/cultures/penurie-washington-espere-que-linde-va-renoncer-ane-pas-exporter-de-ble-1,2,3332331102.html" target="_blank">Washington hopes that India will give up not exporting wheat</a> (05/17/2022)</p><h4>Waiting boats</h4><p>Four ships partially loaded with some 80,000 tons of wheat are also waiting to leave. Port officials said shipments that arrived before May 13, when <a href="https://www.lafranceagricole.fr/actualites/cultures/marche-des-grains-linde-interdit-les-exportations-de-ble-1,2,3302284867.html" target="_blank">the Indian government notified the export ban</a> , could leave for countries like Egypt and South Korea, under previous agreements.</p><p></p><p>"Wheat trucks arriving at the port after May 13 will have to leave with the goods," said DPT spokesman Om Prakash Dadlani. The Gandhidham Chamber of Commerce estimated that some 400,000 tonnes of wheat from Punjab, Harayana, Madhya Pradesh and other producing states were at the DPT and nearby warehouses.</p><p></p><p>> <em>To read also</em> : <a href="https://www.lafranceagricole.fr/actualites/cultures/marche-des-grains-le-prix-de-ble-reste-au-sommet-1,2,3225929484.html" target="_blank">The price of wheat remains at the top</a> (13/05/2022)</p><h4>“A chaotic situation”</h4><p>Between 500 and 700 warehouses near the port of Kandla are "full of wheat for export", said Teja Kangad, president of the Gandhidham Chamber of Commerce, regretting that the government did not give notice instead. to abruptly announce the ban.</p><p></p><p>“This has led to a chaotic situation where truckers and traders don't know what will happen to their goods. In addition, wheat being a perishable commodity, it cannot stay in the air for long,” argued Teja Kangad. On the European Euronext market, the announcement caused a spike in the <strong>price of wheat</strong> .</p><p></p><p>> <em>Consult </em><a href="https://www.lafranceagricole.fr/cours-et-marches/" target="_blank">wheat prices on Lafranceagricole.fr</a></p><p></p><p>The Indian government justifies its decision to ban wheat exports by the heat wave last March, which affected wheat-producing regions in northern India. This year's production is estimated to fall by at least 5% from the 109 million tonnes harvested in 2021.</p></blockquote><p></p>
[QUOTE="le bon paysan, post: 8145653, member: 104"] [HEADING=1]Hundreds of thousands of tons of wheat were blocked on May 17, 2022 in a major Indian port due to the ban on exporting the cereal announced this weekend by New Delhi.[/HEADING] [B]India, the world's second-largest wheat[/B] producer , on Saturday ordered wheat traders not to enter into new [B]export[/B] deals without prior government approval. The sudden announcement caused chaos at Deendayal Port Trust (DPT) in the western state of Gujarat, where some 4,000 trucks loaded with [B]wheat[/B] were stuck on Tuesday. > [I]To read also[/I] : [URL='https://www.lafranceagricole.fr/actualites/cultures/penurie-washington-espere-que-linde-va-renoncer-ane-pas-exporter-de-ble-1,2,3332331102.html']Washington hopes that India will give up not exporting wheat[/URL] (05/17/2022) [HEADING=3]Waiting boats[/HEADING] Four ships partially loaded with some 80,000 tons of wheat are also waiting to leave. Port officials said shipments that arrived before May 13, when [URL='https://www.lafranceagricole.fr/actualites/cultures/marche-des-grains-linde-interdit-les-exportations-de-ble-1,2,3302284867.html']the Indian government notified the export ban[/URL] , could leave for countries like Egypt and South Korea, under previous agreements. "Wheat trucks arriving at the port after May 13 will have to leave with the goods," said DPT spokesman Om Prakash Dadlani. The Gandhidham Chamber of Commerce estimated that some 400,000 tonnes of wheat from Punjab, Harayana, Madhya Pradesh and other producing states were at the DPT and nearby warehouses. > [I]To read also[/I] : [URL='https://www.lafranceagricole.fr/actualites/cultures/marche-des-grains-le-prix-de-ble-reste-au-sommet-1,2,3225929484.html']The price of wheat remains at the top[/URL] (13/05/2022) [HEADING=3]“A chaotic situation”[/HEADING] Between 500 and 700 warehouses near the port of Kandla are "full of wheat for export", said Teja Kangad, president of the Gandhidham Chamber of Commerce, regretting that the government did not give notice instead. to abruptly announce the ban. “This has led to a chaotic situation where truckers and traders don't know what will happen to their goods. In addition, wheat being a perishable commodity, it cannot stay in the air for long,” argued Teja Kangad. On the European Euronext market, the announcement caused a spike in the [B]price of wheat[/B] . > [I]Consult [/I][URL='https://www.lafranceagricole.fr/cours-et-marches/']wheat prices on Lafranceagricole.fr[/URL] The Indian government justifies its decision to ban wheat exports by the heat wave last March, which affected wheat-producing regions in northern India. This year's production is estimated to fall by at least 5% from the 109 million tonnes harvested in 2021. [/QUOTE]
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