The reason is right there in the article! For your edification;
A scorching heatwave has curtailed wheat output in India and domestic prices have soared to an all-time high.
"We were expecting curbs on exports after two to three months, but it seems like the inflation numbers changed the government's mind."
Rising food and energy prices pushed India's annual retail inflation up towards an eight-year high in April, strengthening economists' view that the central bank would have to raise interest rates more aggressively to curb prices.
Wheat prices in India have risen to a record high, in some places as high as 25,000 rupees (£263) per tonne, way above the government's fixed minimum support price of 20,150 rupees.
But a sharp and sudden rise in temperatures in mid-March means the crop size could be smaller than expected at about 100 million tonnes or even lower, a New Delhi-based dealer with a global trading firm told Reuters.
The government had estimated production would hit an all-time high of 111.32 million tonnes.
A scorching heatwave has curtailed wheat output in India and domestic prices have soared to an all-time high.
"We were expecting curbs on exports after two to three months, but it seems like the inflation numbers changed the government's mind."
Rising food and energy prices pushed India's annual retail inflation up towards an eight-year high in April, strengthening economists' view that the central bank would have to raise interest rates more aggressively to curb prices.
Wheat prices in India have risen to a record high, in some places as high as 25,000 rupees (£263) per tonne, way above the government's fixed minimum support price of 20,150 rupees.
But a sharp and sudden rise in temperatures in mid-March means the crop size could be smaller than expected at about 100 million tonnes or even lower, a New Delhi-based dealer with a global trading firm told Reuters.
The government had estimated production would hit an all-time high of 111.32 million tonnes.