India prohibits wheat exports with immediate effect
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
MUMBAI - India has prohibited wheat exports with immediate effect, the government said in a notification late on Friday, as the world's second-biggest wheat producer tries to calm local prices.
Shipments of wheat are allowed for letters of credit that have already been issued, the government said.
Global buyers were banking on India for wheat supplies after exports from the Black Sea region plunged since Russia invaded Ukraine in late February.
