Wheat Prices Hit Record High After India Export Ban
Wheat prices surged to a record high on Monday after India decided to ban exports of the commodity as a heatwave hit production.
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Wheat prices surged to a record high on Monday after India decided to ban exports of the commodity as a heatwave hit production.
The price which was already high in the wake of Russia's invasion of major wheat exporter Ukraine jumped to 435 euros
DNA Explainer: Why India has banned wheat export, the cause and effect - Due to low production of wheat this year, the food security of India and vulnerable countries is at risk, India's Directorate of Foreign Trade said.
India banned wheat exports over the weekend in an effort to protect its domestic supply.
Centre asks wheat-producing states, UTs and FCI to continue procurement till May 31 - The Central government had, on May 13, decided to restrict export of wheat to rein in high prices of the food grain.