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Indian farmers are unlikely to boost wheat planting despite prices hitting record highs as they opt for less-water intensive crops. While wheat planting area will reduce eventually, the world's second-biggest wheat producer may then also maintain its export ban or even force it to resort to imports, according to industry officials and scientists.
Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices which surged last week to their highest six months.
Wheat prices have surged in India this year after a sudden rise in temperatures hit crop yields and output
The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies "to meet their food security needs".