Wheat prices surged to a two-year high while shares in European brewers and food producers fell on Friday as markets reacted to the sudden imposition of a ban on grain exports from drought-hit Russia. Russian Prime Minister Vladimir Putin moved decisively on Thursday to halt exports of grain and flour from August 15 to the end of the year and the country’s railroad monopoly said on Friday it will stop loading...

Huge rain deficit for some pockets in the region The southern region has received 11 per cent more rain Tiruchi has the highest rainfall deficiency of 85 per cent Even though the on-going south-west monsoon has been the most benevolent so far over the southern peninsula, there are some pockets in the region, which are still facing huge deficiencies. The region, which consists of Tamil Nadu, Kerala, Andhra Pradesh, and Karnataka, apart from Lakshadweep...