Mumbai | Reuters — India banned wheat exports on Saturday days after saying it was targeting record shipments this year, as a scorching heat wave curtailed output and domestic prices hit a record high. The government said it would still allow exports backed by already issued letters of credit and to countries that request supplies
India bans wheat exports as heat wave hurts crop, domestic prices soar
Ban could push global wheat prices to new peaks
Indian farmers to step up protests
Move comes after rejecting offer to defer controversial new laws
Indian farmers have rejected an offer by the government to defer three farm reform laws for 1-1/2 years, warning they would step up protests as they seek a repeal of the laws and a guarantee on minimum crop prices. Farm leaders said hundreds of thousands of farmers from neighbouring states including Haryana, Punjab and western
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