GUWAHATI, India—More than 500,000 people have fled their homes in India’s northeastern state of Assam to escape heavy floods triggered by pre-monsoon rains that drowned seven, authorities said on Wednesday, as they warned the situation could worsen. One of the world’s largest rivers, the Brahmaputra, which flows into India and neighboring Bangladesh from Tibet, burst…
At Least 12 Killed in Wall Collapse in Salt Packaging Factory
A wall collapsed in a salt packaging factory in western India on Wednesday, killing at least 12 workers and injuring another 13, a government administrator said. The workers stocking salt in bags were found buried in the wall debris in the factory in Morbi district, 215 kilometers (135 miles) west of Gandhinagar, the capital of…
Indonesia’s Palm Oil Export Ban Leads to Farmer Protests Amid Surging Prices
May 18, 2022
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The Indonesian government’s efforts to address domestic cooking oil shortages by banning palm oil exports has begun to backfire, with local farmers protesting the policy. Hundreds of farmers protested in the capital city of Jakarta on Tuesday, demanding that the government revoke the palm oil exports ban, which has led to a drop in the…
Heavy Rains Trigger Floods in Northeast India, Killing 11
GAUHATI, India—At least 11 people have died in floods and mudslides triggered by heavy rains in India’s remote northeast region, officials said Tuesday. Several railway stations were closed because of floods, said Nazreen Ahmed, a senior official in Assam’s Dima Hasao district. She said nearly 200,000 people in the district were cut off from the…
India Stabs Democracy in the Back by Supporting Russia Over the US
Commentary India is profiting from the blood of Ukrainians again. It’s buying Russian gas and oil at discounts only available because most of the world markets are shunning the tainted exports. Russia is offering discounts as much as 35 percent below market price—if one can stomach the ethical qualms of paying for the bombs now…
Wheat Futures Rise on Exports Restrictions, Russia/Ukraine Crisis, Soaring Inflation: What’s Next?
The Teucrium Wheat Fund (WEAT) gapped up 3.34 percent on Monday. The fund, which tracks the price of wheat futures, shot up almost 9 percent between May 9 and Friday and has soared almost 70 percent higher since Feb. 3. The Teucrium Wheat Fund’s gap up open was a response to India’s decision to restrict wheat exports…
India Open to Exporting Wheat to Needy Nations Despite Ban
NEW DELHI—India on Sunday said it would keep a window open to export wheat to food-deficit countries at the government level despite restrictions announced two days earlier. India’s Commerce Secretary B.V.R. Subrahmanyam told reporters the government will also allow private companies to meet previous commitments to export nearly 4.3 million tons of wheat until July….
India Bans Wheat Exports Over Food Security Concerns
India has banned wheat exports, citing heightened risk to food security in the country and some of its neighbors arising from a sudden spike in the global prices of wheat. India’s Directorate of Foreign Trade made the announcement in a government publication (pdf), which said the wheat export ban seeks to address the difficulty India…
Fire in Commercial Building in India Kills at Least 27; Police Arrest 2
NEW DELHI—Police arrested two owners of a company that manufactures and sells security cameras after a massive fire reportedly started in their office in a four-story commercial building in the Indian capital, killing 27 people and injuring 12 others, police and fire officials said Saturday. The police registered a case of culpable homicide not amounting…
China Courts India, Sort Of
News Analysis After years of belligerence, China has begun to court India. Trade between the two countries has surged—clearly, an important trend for Beijing, which has already started to feel insecurities about its trade relations with Japan and the West. Though trade between China and India seems set to continue along its recent steep trajectory,…
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