Commodity export restrictions could snowball

The global wheat market is continuing to get tighter after India announced over the weekend it is limiting wheat exports.

Ag economist Ben Brown with the University of Missouri’s Food and Agricultural Policy Research Institute tells Brownfield protectionist policies blocking commodity exports are snowballing.

“It’s an exacerbating wheel,” he said. “When one country puts protectionist policies on it, it sends the price in all the other countries up, especially those exporting countries up.

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