Quartz published an article stating that in April, India’s minister of commerce and industry made a heroic announcement. The world was reeling from the sudden drop in wheat supplies when Russia and Ukraine, two of the world’s largest wheat exporters, curtailed their exports due to the war, but India would step in to fill the shortage. According to IFPRI (food export restrictions tracker), export restrictions had affected 17 percent of the world’s food, as measured by the number of calories traded, by early April. The number will substantially increase with India’s wheat export ban..
The export bans driving up food prices around the world (Quartz)
May 17, 2022