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Govt may consider wheat import as shortage, rising inflation worries loom

The looming shortage and rising prices now have authorities making preparations to buy from overseas

A local flour mill in Noida, India. (Photo: Bloomberg)
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A local flour mill in Noida, India, on Sunday, May 22, 2022. India, in a government order dated May 13, restricted wheat exports to avoid a domestic supply squeeze. (Photo: Bloomberg)

Pratik Parija and Vrishti Beniwal | Bloomberg
Indian Prime Minister Narendra Modi boldly declared that his country was ready to “feed the world” after Russia’s invasion of Ukraine. Less than four months later, the government needs to consider grain imports.
 
Even before Modi made his pledge, a record-breaking heat wave that started in March was threatening Indian wheat output. That cut production and pushed up local prices, making everyday life more expensive for hundreds of millions of Indians that use the grain to make staple foods like naan and chappatis. 

Indications that a bumper wheat harvest wasn’t going to eventuate prompted the government to restrict exports

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