AreaIndia

Commodity GroupGrains

CommodityWheat

Date13/05/2022

Policy CategoryTrade

Policy InstrumentExport ban

DescriptionAnnounced a ban on wheat exports with immediate effect after worries over the heatwave that affected the crop and caused domestic prices to hit a record high. The country, however, stated that exports backed by letters of credit that had already been issued will still be allowed, as will sales to countries that request supplies to meet their food security needs.