India may import wheat in blow to Modi’s vision of feeding world

NEW DELHI (BLOOMBERG) – 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. Even before Modi made his pledge, a record-breaking heat wave that started in March was threatening Indian wheat […]

As wheat prices soar, the world’s consumers vote with their feet

This photograph taken on July 31, 2022 shows a grain combine harvester collecting wheat near Novoazovsk outside Mariupol in Donetsk. (PHOTO / AFP) SINGAPORE/JAKARTA – Global wheat consumption is headed for its biggest annual decline in decades as record inflation forces consumers and companies to use less and replace the grain with cheaper alternatives, amid […]