On May 13, India banned all wheat exports with immediate effect after a heatwave affected the crop. India, the world's second-largest wheat producer, aimed to control rising domestic prices.
A notice in the government newspaper by the Directorate of Foreign Trade said a rise in wheat's global prices was threatening India's food security and its neighboring and vulnerable countries. Since the beginning of the year, global wheat prices have increased by more than 40%.
However, the government has recently announced a relaxation of the wheat export ban. The Centre has already allowed the consignments with the customs on or before May 13. The decision followed after the international community expressed deep concerns about the export ban.
In a statement, the Ministry of Commerce sa...