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The premier has strong cause to take no chances with the limits since state reserves of wheat used to support the food programme for the poor have decreased to the weakest for this time of year since 2017.
The story by Bloomberg said, “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.”
Four dealers told Reuters that India's wheat export restriction had held 1.8 million tonnes of grain at ports, leaving traders facing hefty losses from the prospect of selling onto a weaker domestic market.
Prime Minister Modi has announced earlier that India is ready to feed the world if WTO approves.
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