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According to an official announcement, India banned wheat exports with immediate effect on Saturday as part of attempts to curb soaring domestic prices. According to a May 13 notification from the Directorate General of Foreign Trade, export shipments for which irrevocable letters of credit (LoC) were granted on or before the date of this announcement will be accepted (DGFT).

"With immediate effect, wheat export policy is prohibited," the DGFT stated.

It further stated that wheat exports will be permitted dependent on permission granted by the Indian government to other nations to meet their food security needs and on their governments' requests.

The DGFT announced the easing of export conditions for onion seeds in a separate announcement.

"With immediate effect, the export policy of onion seeds has been placed in the restricted category," it stated.

Onion seeds were previously prohibited from being exported.