India sets a limit on sugar exports, turns its back on free markets
date:May 31, 2022
e worlds second-largest wheat producer decided to halt its wheat exports to abate surging prices. This was a surprising announcement to many, as one month before Indian Prime Minister Narendra Modi said the nation could step in to plug the gaps in the global market.

Modi also recently stated that India would supply food stocks to the world from tomorrow if the World Trade Organization would permit it.

The sugar halt, while practically having little consequences in international trade and food
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05/19 20:38