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India isn’t the only one banning food exports. These countries are doing the same

India has banned wheat exports, becoming the latest country to do so as the price of grain surged this year due in part to the Russia-Ukraine war.

The war has triggered a huge spike in wheat prices, with Russia and Ukraine among the biggest exporters of the commodity.

  • Weizhen Tan @WEIZENT
  • CNBC

Both countries account for 29% of global wheat exports, according to the World Bank. Wheat prices soared around 6% on Monday after India’s weekend announcement.

“With food prices already high due to COVID-related supply chain disruptions and drought-reduced yields last year, Russia’s invasion came at a bad time for global food markets,” said the International Food Policy Research…

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