IDAHO WHEAT COMMISSION

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India restricts wheat flour exports to bring down record prices

India's cabinet on Thursday approved a policy to restrict wheat flour exports to calm prices in the local market, the government said in a statement. New Delhi banned wheat exports in mid-May as a scorching heatwave curtailed output and domestic prices hit a record high. In July India asked traders to secure permission before exporting wheat flour.

The ban on wheat exports boosted demand for Indian wheat flour and the country's flour exports jumped 200% during April-July 2022 from a year ago and lifted prices in the local market, the government said.