The Indian authorities imposed a ban on the export of wheat, the decision came into force. An exception was made for deliveries under already issued letters of credit, Reuters reports. The decision was made against the backdrop of rising prices.

India is one of the largest producers of wheat in the world, but most of the production is directed to the domestic market. Several media sources have previously reported that the country plans to become the world’s leading exporter against the backdrop of Russia’s military operation in Ukraine. In March, Delhi agreed on supplies with the largest wheat importer, Egypt.

How the military operation affected the growth of food prices – in the material “Kommersant” “Food on Fire”.


More news in Telegram channel “Kommersant”.

Leonid Uvarchev

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