Wheat export: Ban on wheat export, broken prices in domestic mandis

Due to the ongoing war between Russia and Ukraine, the price of wheat has increased significantly all over the world. This has increased its exports from India. The increase in demand has led to a sharp rise in the prices of wheat and flour at the local level. In many major states, the process of government procurement is going on very slow and wheat has been procured much less than the target. The reason for this is that farmers are getting more price in the market than the minimum support price.
There has been a sudden rise in the price of wheat internationally due to several reasons. Due to this there has been a threat to the food security of India as well as neighboring countries and many other countries. Due to this the government has to stop the export of wheat. Wheat has been shifted from free category to restricted category. The ongoing war between Russia and Ukraine has led to a rise in the international price of wheat by about 40 percent. This has increased its exports from India. The increase in demand has led to a sharp rise in the prices of wheat and flour at the local level. Wheat production in the country is estimated at 95 million tonnes this year, as against the government's estimate of 105 million tonnes. Due to this the supply is tight and the prices are going up. The price of wheat in Kandla Port is running at Rs 2550 per quintal. Fearing that the government would stop exports, exporters started sending shipments in a hurry.