Disaster India bans wheat exports to try and tame prices as a scorching heatwave curtailed output - India is the second-largest wheat producer on the world.

https://archive.ph/OaX7O

May 14 2022

India banned wheat exports on Saturday, just days after saying it was targeting record shipments this year, as a scorching heatwave curtailed output and local prices hit an all-time high amid strong export demand.

The government said it would still allow exports for letters of credit that have already been issued and on the request from countries that are trying “to meet their food security needs.”

Global buyers were banking on the world’s second-biggest wheat producer for supplies after exports from the Black Sea region plunged following Russia’s invasion of Ukraine in late February. Prior to the ban, India was targeting to ship out a record 10 million tonnes this year.

The Indian ban could drive up global prices to new peaks and hit poor consumers in Asia and Africa.

“The ban is shocking,” a Mumbai-based dealer with a global trading firm said. “We were expecting curbs on exports after 2-3 months, but seems inflation numbers changed government’s mind.”



Rising food and energy prices pushed India’s annual retail inflation up towards an eight-year high in April, strengthening economists’ view that the central bank would have to raise interest rates more aggressively to curb prices.
Wheat prices in India have risen to a record high, in some spot markets to as high as 25,000 rupees ($322.71) per metric ton, versus the government’s fixed minimum support price of 20,150 rupees.

Heat wave shrinks crop​

Earlier this week, India outlined its record export target for the 2022/23 fiscal year that started on April 1, adding it would send trade delegations to countries such as Morocco, Tunisia, Indonesia and the Philippines to explore ways to further boost shipments.
But a sharp and sudden rise in temperatures in mid-March means the crop size could be smaller than expected at around 100 million tonnes or even lower, a New Delhi-based dealer with a global trading firm said, versus a government estimate for an all-time high of 111.32 million tonnes.

“The government’s procurement has fallen more than 50%. Spot markets are getting far lower supplies than last year. All these things are indicating lower crop,” the dealer said.

In April, India exported a record 1.4 million tonnes of wheat and deals were already signed to export around 1.5 million tonnes in May.

“Indian ban will lift global wheat prices. Right now there is no big supplier in the market,” the second dealer said.

 

[LurkTrawl]

Actually I think it's exactly like the Soviet Times. The urban populace will enslave the rural populace the way the Moscovites enslaved Ukraine.


I think you are severely underestimating the capacity for violence people have. If there is a famine an army of desperate, organized, well-armed people who outnumber you 100-to-1 will be at your doorstep soon enough.

I think you are severely overestimating the capabilities of the modern urbanite.

Holy shit this. Anyone ITT dooming about this through a fucking internet connection on an electronic device, you are a fucking moron. Especially if you are from the west. It is peasants in third world mudhut shitholes that are going to feel the pinch. The west produces a fuckhuge surplus of grain and we can afford it when prices rise. You don't need to know how to forage in the wild or grind up acorns to make substitutes. Stop it. We have the heartland. We will be fine. By "we" I mean the people with free time, wealth, and the ability to shitpost on a gossip website are not going to starve.

Well that's pretty fucking optimistic of an outlook to have right now. You'd have a point if we weren't staring down the barrel of diesel costing $6+ a gallon and milk being $5+ a gallon.

South America is pretty food secure too. Net exporters. Not an Americas problem. There is one continent where this is a big issue, Africa. And it's mostly the northern part. And that ain't my fuckin' problerino. It's their governments and the EU. Maybe they learned something since the Arab Spring. Maybe not.

You might want to look up the Irish potato famine.

Regardless, there is absolutely zero excuse for the roadkill recipes and other prepper doomer bullshit ITT. It isn't us. It's never us. Stop.

I have a problem with this mentality that you need to immediately rush in and pump the brakes on anybody questioning and preparing for the possibility of a harder future. There is absolutely nothing wrong with preparing for the worst possible outcome especially at such a time like the one we're in now. Telling people that it'll all be alright is a nice gesture but seriously you don't know that it will, and if things do end up going pear-shaped that attitude might end up getting people needlessly harmed who could've survived had they searched out information.

 

[Cincinnatus]

South America is pretty food secure too.

Unfortunately that isn't true. The rich keep all the food for themselves and let the poor starve.

https://www.fairplanet.org/editors-pick/latin-america-faces-food-insecurity-amid-rising-inflation-and-unemployment/

 

[Blobby's Murder Knife]

Holy shit this. Anyone ITT dooming about this through a fucking internet connection on an electronic device, you are a fucking moron. Especially if you are from the west. It is peasants in third world mudhut shitholes that are going to feel the pinch. The west produces a fuckhuge surplus of grain and we can afford it when prices rise. You don't need to know how to forage in the wild or grind up acorns to make substitutes. Stop it. We have the heartland. We will be fine. By "we" I mean the people with free time, wealth, and the ability to shitpost on a gossip website are not going to starve.

Were you in a coma in early 2020 when there were people stabbing each other over fucking toilet paper and the shelves were devoid of flour and yeast and household cleaners for several months?

 

[Morethanabitfoolish]

150 million fat bastards...mini grain silos.

America went with the free range version of silos.

 

[Elwood P. Dowd]

'Bad boys' are back: India doubles down on coal as heatwave worsens power crisis

On Friday, the coal ministry's top bureaucrat said the world's second-largest producer, importer and consumer of coal after China expected to increase output by up to 100 million tonnes in the next three years by reopening closed mines.

Placing restrictions on exports and increasing coal production. Did India elect Trump at some point?

And where's that Paris environmental not a treaty stand on stuff like this?

 

[Fomo Hoire]

Being 50% cat and 50% bread, I don't have anything to worry about really...unless the hungry start getting ideas.

Go shack up with nyan.cat, I hear he can fly through space if you need to make a speedy escape.

 

[Cat Bread]

bruh how are you going to make bread without the fucking grains

Oh...I was imagining a more optimistic case because I live in one of those major wheat producing countries I'm also more of a "rice is life" person myself. If shit really does hit the fan and the flour to make my baguettes is beyond my reach, then I'll have to get used to eating "Galettes" (but if the situation is that dire, I would be better off eating lead instead).

Go shack up with nyan.cat, I hear he can fly through space if you need to make a speedy escape.

If you would give me his @, I would happily slide into his DMs.

 

[ColtWalker1847]

Were you in a coma in early 2020 when there were people stabbing each other over fucking toilet paper and the shelves were devoid of flour and yeast and household cleaners for several months?

That wasn't a shortage of raw materials, production, or even distribution. That was a run on the stores by hoarders and other assorted retards to pile up and rot in their garage.

I was also around for 2008-2016 when those same fuckheads bought out every store of .22LR for the same dumb reason. Meanwhile ammo companies were putting on extra shifts and expanding.

I might know a guy or two who work at a paper mills and ammo plants. They never missed a shift. "Essential workers".

 

[Blobby's Murder Knife]

That wasn't a shortage of raw materials, production, or even distribution. That was a run on the stores by hoarders and other assorted retards to pile up and rot in their garage.

I was also around for 2008-2016 when those same fuckheads bought out every store of .22LR for the same dumb reason. Meanwhile ammo companies were putting on extra shifts and expanding.

I might know a guy or two who work at a paper mills and ammo plants. They never missed a shift. "Essential workers".

Point is, there wasn't any.

 

[ColtWalker1847]

Point is, there wasn't any.

Who fucking cares. It was too available was the problem. Double the price or limit purchases. Problem solved.

I am pro-price gouging if it means retard hoarders go bankrupt so they stop fucking things up for everyone else.

 

[Cincinnatus]

Double the price or limit purchases

Double the price of food?

 

[MadStan]

It's all part of the plan people:

https://www.straight.com/news/nukes-kill-1-billion-defence-expert-recalls-2019-us-simulation-of-nato-russia-war-over-ukraine

Yawn.

There are so many scenarios that they play out for the express purpose of better prediction that this scenario was blatantly obvious on the horizon. There is no "secret plan" afoot here. Just the military doing what it should be doing - planning for scenarios.

The purpose of the scenarios is not to deescalate but to simply ensure MAD. And that's all one can ever ask for against an unstoppable force if it choses to move forward. There is nothing other than a nuclear strike that can be done against another nuclear power if they decide to deploy.

If Russia opts to strike, then we will have a nuclear war and that is as simple as it gets.

The scenario most likely at play with Russia is that they strike targets in Sweden or Finland and the UK comes to the defense of either country and Russia launches attacks against the UK Navy or warplanes claiming "oops mistake" and which brings NATO to force against Russia. Russia claims false flag operation or transponders were switched by the UK and it was a trap as their propaganda.

This scenario is extremely close at hand now.

As far as I am concerned, the signing of the defense pact with Sweden and Finland with the UK has brought us exceptionally close to a direct conflict. And perhaps, it needs to happen.

As we speak, NATO is running scenarios for a nuclear attack against Russia and China as a result of the Ukraine conflict.

So be it.

 

[SITHRAK!]

Literally the worst and most overpopulated countries are going to be starving this year. I fucking love current year.

The problem is that when authoritarian dictatorships lose the ability to feed their people, they often fill empty bellies with national pride and military achievement.
If China starts starving, expect to see Taiwan invaded.

 

[ColtWalker1847]

Double the price of food?

The shit people are stockpiling in a panic, yeah. It's what finally ended the .22LR run after almost a decade of stupidity.

People were buying this stuff in excess and causing low supply in stores because demand outstripped existing production and distribution capacity. Not because production and distribution were crippled. This is what happens when people have large amounts of disposable income that they impulsively throw at items to give themselves a feeling of security. They didn't need the yeast and flour to feed themselves. The bread aisle was always full. What they were buying was a feeling of security. That isn't a food security issue. That's an emotional security issue.

Change the economics and make the ingredients significantly more expensive than what a readily available cheap loaf of bread costs and many will reconsider and either change their purchasing to alternatives or desist from this insecure hoarding behavior altogether. Either way, the ingredients will now be there for people who want it. For a price.

 

[Cincinnatus]

The shit people are stockpiling in a panic, yeah. It's what finally ended the .22LR run after almost a decade of stupidity.

People were buying this stuff in excess and causing low supply in stores because demand outstripped existing production and distribution capacity. Not because production and distribution were crippled. This is what happens when people have large amounts of disposable income that they impulsively throw at items to give themselves a feeling of security. They didn't need the yeast and flour to feed themselves. The bread aisle was always full. What they were buying was a feeling of security. That isn't a food security issue. That's an emotional security issue.

Change the economics and make the ingredients significantly more expensive than what a readily available cheap loaf of bread costs and many will reconsider and either change their purchasing to alternatives or desist from this insecure hoarding behavior altogether. Either way, the ingredients will now be there for people who want it. For a price.

So a planned economy? The Soviet Union tried that. It didn't end well.

 

[Dracula's Spirit Animal]

Damn, good thing I am fat. While you're all starving, I'll just live off the energy stored in my fat.

Jesus, man. You constantly lament you can't get a guirlfriend. Put down the keyboard and go for a walk. It's in your best interest.

Actually I think it's exactly like the Soviet Times. The urban populace will enslave the rural populace the way the Moscovites enslaved Ukraine.


I think you are severely underestimating the capacity for violence people have. If there is a famine an army of desperate, organized, well-armed people who outnumber you 100-to-1 will be at your doorstep soon enough.

My magic eight ball predicts this year will be the KF year of the doom post.

 

[ColtWalker1847]

So a planned economy? The Soviet Union tried that. It didn't end well.

Yer fucking with me, right? It's letting the market set the price in-line with demand. The complete and total opposite of the SU and their price controlled breadline bullshit.

 

[Cincinnatus]

It's letting the market set the price in-line with demand.

Change the economics and make the ingredients significantly more expensive

These two statements seem contradictory.

 

[ColtWalker1847]

These two statements seem contradictory.

I guess you missed the part of 2020 where state AGs and consumer advocacy groups were going hard after sellers for "price gouging" and associated legal threats.

Retailers were not allowed to put prices where they wanted to because of these soft price controls. Some tried to limit purchases but hoarders would just keep coming back. "Limit two per visit" and you had a hundred people buying the limit every day. Going through truckloads of Charmin just trying to keep up with them because the price was artificially kept low by state intervention.

 

[Cincinnatus]

I guess you missed the part of 2020 where state AGs and consumer advocacy groups were going hard after sellers for "price gouging" and associated legal threats.

Retailers were not allowed to put prices where they wanted to because of these soft price controls. Some tried to limit purchases but hoarders would just keep coming back. "Limit two per visit" and you had a hundred people buying the limit every day. Going through truckloads of Charmin just trying to keep up with them because the price was artificially kept low by state intervention.

But you aren't advocating for prices to be lowered, you are advocating for prices to be raised through artificial inflation. That's literally what the Gosplan did.

https://www.britannica.com/topic/Gosplan