On 13th May, 2022, the government banned all private wheat exports with immediate effect. The rationale behind the ban was:
Heat Wave: The decision came amid widespread loss of yield due to abnormal heat waves in the major wheat-growing states of Punjab, Haryana, Uttar Pradesh and Madhya Pradesh.
Large parts of the crop had shrivelled due to the heat and, in certain cases, had become unfit for human consumption.
High Inflation: Rising food and energy prices have pushed India’s annual retail inflation near an eight-year high at 7.79 per cent in April. Due to rising inflation, wheat prices in India have risen to ....
