After edible oil, wheat, the second-most consumed cereal in Bangladesh, is posing to be the next pressure point for food inflation, which in March leapt to its highest level since October 2020.
The Narendra Modi-led Central government today banned wheat exports without the prior government as the country recorded low production this year amid the heatwaves and rising temperature.
India today indicated that it would not allow the food security of its South Asian neighbours to be hit by the ban imposed on exports of wheat and that the measure was a temporary one.
India bans wheat export with one exception, know details - Exports would be allowed only in case of shipments where an irrevocable Letter of Credit (LoC) has been issued on or before May 13.