Bhutan: Changes in global developments over the past few months have led to a food crisis in many countries. Neighboring Sri Lanka is already facing an unprecedented crisis. Now India’s other neighbor Bhutan is facing food crisis. Especially in the rural areas of Bhutan, people are facing food shortage. Bhutan’s Finance Minister Loknath Sharma told a news agency.
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Bhutan has a population of less than 8 million, but this small country is facing difficulties due to the Russia-Ukraine war. Global crude oil and grain prices have skyrocketed due to more than three months of war. As a result, Bhutan’s economy, which has returned to recovery after the outbreak, has been hit hard.
Concerns over India’s export ban
Bhutan is one of the neighboring countries which depends on India to meet the local demand for food items. Bhutan bought grain worth 30 30.35 million from India last year. Bhutan buys mainly rice and wheat from India. However, Bhutan’s concerns have been heightened by India’s imposition of restrictions on wheat and sugar exports. The Bhutanese finance minister also expressed concern.
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Without naming any country, Finance Minister Sharma said, “Food shortages could exacerbate inflation. Some countries have decided to ban grain exports. The government is concerned about the impact. However, India has made it clear that it will continue to export food grains to neighboring countries. At the same time, India has promised to provide foodgrains to the countries facing crisis.
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Finance Minister Sharma is not the only one worried about India’s decision. According to a news agency, the secretary general of Bhutan’s Chamber of Commerce and Industry is also concerned. Dorjee, the secretary general, says rising food prices will hurt the local economy. “We are very concerned about the food supply,” he said. This crisis will exacerbate the situation after inflation.