India bans wheat exports as heat wave hurts crop, domestic prices soar


FILE PHOTO: A combine deposits harvested wheat in a tractor trolley at a field on the outskirts of Ahmedabad, India, March 16, 2022. REUTERS/Amit Dave

MUMBAI (Reuters) -India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high.

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".

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Trump meets Vietnam leader, vows to remove Hanoi from restricted lists
Analysis-Supreme Court checks Trump's expansive view of executive power
Trump furious after Supreme Court upends his global tariffs, imposes new 10% levy
US says it struck vessel in the eastern Pacific, killing three men
1st LD: Trump says he will sign order imposing 10 pct global tariff
Tajikistan's population reaches 10.72 million
Switzerland takes men's curling bronze, Sweden, Switzerland set up women's final at Milan-Cortina
Coventry hails Milan-Cortina Games as 'truly successful'
Medal table at Milan-Cortina Winter Olympics on February 20
U.S. stocks close higher

Others Also Read