Tag: Wheat
Syria has often accused the United States of mounting an economic war against it by controlling the nation's crucial northeastern areas, which contain up to 90% of the country's oil and greatest agricultural resources. A new report has emerged claiming that a 40-truck US convoy loaded with stolen wheat was smuggled out of Syria recently.
Due to severe disruptions in global food supplies as a result of the Russia-Ukraine conflict, the UAE has banned exports of Indian wheat and is working to ensure domestic supply.
The MV Ince Akdeniz, which carried a consignment of 1.5 million tons of wheat and hailed from India, was rejected by Turkey after the detection of Rubella disease.
Ukraine's exports have been badly impeded by the conflict, which has caused the country to close its ports, while Russia's exports have been damaged by Western sanctions. This has left India in a critical role as IMF Chief begs India to revise wheat export ban policy at World Economic Forum.
Several people recount how the G7 countries failed to "tame" surging commodities futures and speculation in 2007-2008, which impacted already rising food prices and contributed to food riots in 37 countries. Here is why the west has zero moral right to lecture India on it's wheat ban policy.
