Ukraine war: Global wheat prices jump after India export ban

Key Facts

• Wheat prices have soared by around 60% on world markets this year, pushing up the cost of everything from bread to noodles.
• Although India is the world's second-biggest wheat producer, it has not previously been a major exporter as most of its crop is sold on domestic markets.
• And with droughts and floods threatening crops in other major producers, commodity traders were expecting supplies from India to make up for part of the shortfall.
• Before the ban, India had aimed to ship a record 10 million tonnes of wheat this year.

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