Skip to content

Wheat Surges Amid Fears of Shortages as India Restricts Exports

  • India doesn’t ship much but war in Ukraine exacerbates issues
  • Wheat shortage poised to drive up global food costs even more
Video player cover image
Wheat Soars as India Restricts Exports
Updated on

Wheat jumped by the exchange limit to near a record high after India’s move to restrict exports, exposing just how tight global supplies are during the war in Ukraine and threatening to drive up food prices even more. 

The government will suspend overseas sales to manage its food security, according to a notification dated May 13. This drew criticism from the agriculture ministers of the Group of Seven nations, who said that such measures make the world’s crisis worse.