Factbox: Global food export restrictions

Ears of wheat are seen in a field near the town of Hrebeni in Kyiv area, Ukraine July 17,2020 REUTERS/Valentyn Ogirenko

PARIS, May 16 (Reuters) – India prohibited wheat exports on Saturday as a heatwave reduced output and domestic costs skyrocketed, a blow to international purchasers counting on the world’s second-biggest wheat manufacturer after Russia’s Feb. 24 intrusion of Ukraine struck Black Sea products.

The war in Ukraine has actually triggered grain and sunflower oil exports from the Black Sea area to plunge, contributing to the pressure of unfavorable weather condition in crucial producing nations threatening international production. With food costs soaring, a growing list of essential producing nations are restricting exports.

Here are some examples of the most current or most considerable food staple export restrictions.

INDIA – MAY 2022 – WHEAT

India prohibited wheat exports in a quote to lower regional rates, days after stating it was targeting record deliveries this year. Worldwide wheat markets rose following the news. find out more

Before the restriction, India had actually intended to deliver a record 10 million tonnes this year.

UKRAINE – FEBRUARY/MARCH 2022 – GRAINS

Ukraine closed its ports soon after the start of the war with Russia, which Moscow calls an unique military operation. learn more

It later on prohibited export of rye, barley, buckwheat, millet, sugar, salt, and meat and presented export licenses for wheat, corn and sunflower oil. Ukraine is amongst the world’s leading manufacturers and exporters of grain and the leading exporter of sunflower oil. find out more

The stop in Ukrainian exports sent out worldwide food costs to tape-record highs. find out more

INDONESIA – APRIL 2022 – PALM OIL

Indonesia, the world’s leading palm oil manufacturer, enforced an export restriction on numerous palm oil based items late April in an effort to protect domestic supply and reduce skyrocketing costs. find out more

The relocation made international grease costs skyrocket throughout the board. learn more

OTHER COUNTRIES – MARCH/APRIL 2022 – GRAINS

Argentina stated it would develop a system to manage domestic wheat rates and mood food inflation.

Hungary prohibited all grain exports.

Serbia limited the amounts of wheat, corn, flour and cooking oil slated for export.

Bulgaria has stated it would increase grain reserves and may limit exports.

ARGENTINA – DEC 2021 – CORN WHEAT

Argentina topped the volume of corn and wheat that might be exported in a quote to avoid domestic grains lacks and tamp down increasing food worths in the nation. The choice sent out U.S corn rates to their greatest in 6-1/2 years.

RUSSIA 2021 – GRAINS

Russia enforced taxes for grain exports in June 2021 as part of steps the federal government hoped would assist stabilise domestic food inflation.

The farming ministry figures out the size of the task on a weekly basis, based upon cost signs reported by traders.

Reporting by Sybille de La Hamaide; Editing by Frank Jack Daniel

Our Standards: The Thomson Reuters Trust Principles.