Wheat Export Ban Will Crush Price Manipulation In Global Markets: Sources

The wheat exports ban will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation, according to sources.

The government's decision to ban wheat exports will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation in global markets, according to sources.

With this move, they said, India wants to ensure fair and proper use of its wheat stocks to address global needs, particularly of the most needy countries.

"The ban will crush attempts to hoard Indian wheat for price manipulation. It will also counter food inflation," a source said.

According to industry sources, Chinese traders were trying to manipulate the global market.