Global wheat prices hit a 6% record on Monday after India decided on restricting overseas sales of wheat, exacerbating a food crisis. The world had been depending on India for alleviating wheat supplies crimped by the war in Ukraine.
India, the world’s second-largest wheat grower, 13 May declared that it would be banning private exports as it was focusing on managing its food security currently “at-risk”, but left a window for limited overseas shipments on request of a foreign government to...