Asserting that it was never a traditional player in the international wheat market, India said it will continue to allow wheat export for countries that are vulnerable, friendly
India has stockpiled more than enough rice and prices have been under control.
As global temperatures rise 2 degrees Celsius or more above pre-industrial levels, the country's chapati challenge is only going to become more urgent
Consumption will exceed food grain production but the world is not on the brink of a hunger crisis
22 countries have food regulations to protect their own food security, says union commerce minister
Traders said some 190,000 tonnes of wheat are struck for want of fresh approvals; another 1.5-1.6 million tonnes are at the ports
According to sources, India exported wheat even at a time when about eight nations, including Ukraine, Belarus, Turkey, Egypt, Kazakhstan and Kuwait, had imposed wheat export restrictions
Overall food grains production was estimated to be 314.51 million tonnes, more than the 310.74 million tonnes last year.
New Delhi banned wheat exports on Saturday, as an intense heat wave hit output and domestic prices hit a record high
Open markets must not become an argument to perpetuate inequity and promote discrimination: Minister of State for External Affairs V Muraleedharan
The world had been counting on Indian grain after the war in Ukraine, drought in Argentina and floods in Australia cut production from those countries
Announcement comes days after DGFT banned all wheat exports to bolster falling stocks and manage food security; govt also allows wheat already being loaded at Kandla to head to Egypt
The ban on wheat exports is only "marginally positive" for the domestic inflation outlook, a British brokerage said on Tuesday.
From the Deendayal Port in Kutch district, wheat is primarily transported to African countries, Bangladesh, South Korea and Yemen.
The US hopes India will reconsider its decision to ban wheat exports, with Washington encouraging countries not to restrict exports.
Only exports backed by letters of credit (LCs), or payment guarantees, issued before May 13 can proceed before the ban takes effect, India has said
The price, which was already high in the wake of Russia's invasion of major wheat exporter Ukraine, jumped to €435 ($453) per tonne as the European market opened
India's ban on wheat exports has delivered a fresh blow to world markets already reeling from tight supplies due to output issues in traditional export powerhouses
Benchmark futures in Chicago rose as much as 5.9% to $12.475 a bushel, the highest in two months and within about $1 of the all-time high set just after Russia's invasion
Farmers' unions in Punjab on Monday dubbed the Centre's decision of banning wheat exports as an "anti-farmer" move, saying that the Union government is not letting them reap the gains