News Snapshot:
On Thursday, there were media reports that the Indian government has temporarily banned wheat exports with immediate effect. The media reports insinuated that the Modi government’s decision is anti-farmer as it has denied the farmers the opportunity to sell their produce at much higher global rates. The global agriculture market has been volatile ever since Russia launched special military operations in Ukraine, a major wheat-producing nation and a significant supplier to the European market. As a result, wheat prices have increased due to short supply and increased demand in the global markets. The sudden spike in the prices has affected...
