A blistering heat wave has scorched wheat fields in India, reducing yields in the second-biggest grower and damping expectations for exports that the world is relying on to alleviate a global shortage.
Temperatures soared in March to the highest ever for the month on record going back to 1901, shriveling India’s wheat crop during a crucial growth period.
This could be a serious blow to global wheat supplies after Russia’s war in Ukraine upended trade flows out of the critical Black Sea breadbasket region.
Importing nations are looking to India for supplies, with the first shipment being prepared for top buyer Egypt. Lower