Wheat soars more than 4% to two-month highs after world's second largest producer India bans exports

By News on the Net -- Business Insider —— Bio and Archives May 17, 2022

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Wheat prices surged on Monday after India banned exports of the crop due to a heatwave and rising domestic prices. India's Directorate General of Foreign Trade said in a notice on Friday that it would stop new shipments of wheat immediately but still allow exports to countries in need to help maintain their food security.-- More...