It's a common reflex.
As the war in Ukraine blocks exports from this rich agricultural region, as wheat, oil and other foods become scarce and expensive, other countries block their own exports.
They hope to preserve their population.
“
A growing number of countries are banning or restricting exports of wheat and other commodities in a misguided attempt to contain soaring domestic prices
.
These actions are counter-productive - they must be reversed
”, warn in a World Bank blog, two of its leaders, Mari Elka Pangestu and Axel van Trotsenburg.
Malaysia bans exports of poultry, India those of wheat.
Argentina limits its sales of soybean oil, Turkey restricts exports of oils, margarine, lentils, cattle.
Russia has temporarily banned sales of wheat, rye, barley and corn to neighbors of the former USSR, which benefit from a free trade regime without taxes…
This article is for subscribers only.
You have 72% left to discover.
Cultivating your freedom is cultivating your curiosity.
Keep reading your article for €0.99 for the first month
I ENJOY IT
Already subscribed?
Login