Why is Argentina also considering tightening wheat export controls after India’s rice export ban?
Published on: October 13, 2022.
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Following India’s tightening of its grain export ban, Argentina is also considering tightening its wheat export controls, which will undoubtedly worsen the global food crisis at a time when global food supplies remain in dire straits.
According to the media, citing sources familiar with the matter, Argentina is considering tightening restrictions on wheat exports as crops harvested at the end of the year wither due to drought and food inflation is spiraling upward.
Argentina is a top seven global wheat supplier and its biggest customer is neighboring Brazil. Previously, Argentina had a wheat export quota of 10 million tons for 2022-2023.
Further restrictions on Argentine wheat will exacerbate global wheat supply constraints, with U.S. wheat exports currently at their lowest level in 50 years and the Russia-Ukraine conflict still hampering shipments.
