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We're living in an age of food protectionism: 5 countries that are banning or restricting major exports to safeguard food supplies as inflation soars
We're living in an age of food protectionism: 5 countries that are banning or restricting major exports to safeguard food supplies as inflation soars
Huileng TanMay 12, 2022, 12:11 IST
Some countries are restricting food exports due to concerns about domestic shortages and inflation.Zheng Huansong/Xinhu/Getty Images
Governments around the world are taking steps to safeguard food supplies as inflation soars.
Russia and Ukraine have imposed wheat and sunflower-oil export curbs amid the war.
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Governments around the world are taking steps to safeguard food supplies as inflation soars due to supply-chain disruptions caused by the COVID-19 pandemic and the war in Ukraine.
Food prices have hit all-time highs.Jon Super/Xinhua/Getty Image
1. Russia has restricted wheat and sunflower-oil shipments.
Russia is the world's largest wheat exporter.Mladen Antonov/AFP/Getty Images
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2. Ukraine has banned the export of food staples.
Ukraine has banned the export of some food staples to feed its people amid the war.Genya Savilov/AFP/Getty Images
3. Indonesia has banned palm-oil exports.
Indonesia is the world's largest producer and exporter of palm oil.Azwar Ipank/AFP via Getty Images
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4. Argentina started restricting beef exports before the war to tamp down food inflation.
Argentina has banned some beef cuts to control inflation.Manuel Cortina/SOPA Images/LightRocket /Getty Images
5. Kazakhstan has restricted wheat and wheat flour exports after domestic prices soared over 30% after the Ukraine war started.
Kazakhstan has restricted exports of wheat and wheat flour.Shamil Zhumatov/Reuters