Why Did India Decide to Ban Its Wheat Exports?

India Wheat Export Ban: The reasons given were runaway inflation and food security in the nation of 1.4 billion people.

India has banned wheat exports, sending bushel prices to record highs and drawing criticism from the Group of Seven worried about protectionism as inflation soars in the wake of the Ukraine war.

What Did India Announce?

The world's second-largest producer of wheat said that traders could only enter into new export deals with express government approval.

Still permitted are requests approved by New Delhi from other governments reeling from record-high prices "to meet their food security needs", according to an order dated May 13.