India export ban shakes global wheat prices
Wheat prices have risen more than 60 per cent this year, driven up by disruption from Russia's invasion of Ukraine
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Wheat prices have risen more than 60 per cent this year, driven up by disruption from Russia's invasion of Ukraine
Hundreds of thousands of tonnes of wheat were stranded at a major port in India.
Weeks before it banned wheat exports, the Modi government had promised to plug the deficit created by Russia’s war in Ukraine.
As prices of commodities soar in the country, India has prohibited wheat exports with immediate effect to cool down local prices, , Confederation of All India Traders, cait, export ban, domestic consumption
Wheat prices hit record high globally after India export ban - India, which is the world's second-largest wheat producer, on May 14 banned exports of wheat as a heatwave hit the country’s wheat crops.