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India bans wheat exports to try and tame prices as a scorching heatwave curtailed output

India has prohibited wheat exports, the government said in a notification late on Friday.
-The world’s *second-biggest wheat producer* is trying to calm local prices.
-Global buyers were banking on the world’s second-biggest wheat producer for supplies after exports from the Black Sea region plunged following Russia’s invasion of Ukraine in late February.

“The Indian ban could *drive up global prices* to new peaks and hit poor consumers in *Asia and Africa*.”
… “The ban is shocking,” “We were expecting curbs on exports after 2-3 months, but seems inflation numbers changed government’s mind.”
… “a sharp and sudden rise in temperatures in mid-March means the crop size could be smaller than expected” … “(The) Indian ban will lift global wheat prices. Right now there is no big supplier in the market,”

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