India bans all wheat exports with immediate effect

India, the world’s second largest wheat producer, has banned all grain exports with immediate effect.

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India has banned wheat exports with immediate effect, the government said in a late notice on Friday, as the world’s second-largest wheat producer tries to cool domestic prices.

charges wheat The government said letters of credit that had already been issued were allowed.

Global buyers have been dependent on India for wheat supplies after exports from the Black Sea region have since declined Russia invaded Ukraine In late February.