India exporting wheat to more parts of the world is putting upward pressure on its domestic prices.Before the Russia-Ukraine war broke out, India, the second-largest producer of the foodgrain, only accounted for 1% of global exports. The conflict has now made way for it to sell its surplus wheat stocks.Several countries queued up for Indian wheat in recent weeks: Turkey recently placed orders for 50,000 tonnes. A month ago, Egypt, the world’s largest importer of Russian and Ukrainian wheat, approved India as a new supplier looking to import a million tonnes.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.
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