As India Bans Wheat Exports, Global Food Supplies Are In For a Rough Ride
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When Russia, the world's largest exporter of wheat, attacked Ukraine, the world's fifth-largest exporter of wheat earlier this year, the world's global food supply chain had a backup plan in place. That plan just fell through.
Over the weekend, India, the world's second-largest producer of wheat, behind China, announced it was banning wheat exports. Already there is fear of growing hunger worldwide. Now, expect even higher food prices.
Source Fool.com
