IDAHO WHEAT COMMISSION

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Why India is Trying to Tame Rising Wheat Prices

Indian officials are considering a raft of measures to boost domestic wheat supplies and cool local prices which surged last week to their highest six months. Last year, India banned wheat exports after a sharp, sudden rise in temperatures clipped output, even as export demand picked up to meet the global shortfall triggered by the Russia-Ukraine conflict. The ban on wheat exports failed to stop prices from rising, prompting trade and industry officials to suggest that even this year's crop is lower than the government's estimates of a record 112.74 million metric tons.

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