News Capsule: India resumes wheat exports after four-year gap: Reuters
04-May-2026 12:51 PM
News Capsule: India resumes wheat exports after four-year gap: Reuters
★ India has begun exporting wheat again after nearly four years, driven by a bumper harvest, rising global prices, and higher freight rates that have made shipments competitive.
★ According to reports, ITC Limited has started loading 22,000 metric tonnes of wheat at Kandla Port in Gujarat for shipment to the United Arab Emirates.
★ Trade sources say Indian wheat has become competitive for buyers in Asia and the Middle East.
★ Key reasons behind this include a bumper crop (with expectations of record production), a rally in international prices, and attractive deals despite elevated freight rates.
★ India had imposed a ban on wheat exports in 2022, which was extended through 2023 and 2024. During that period, extreme heat affected production, reduced stocks, and pushed domestic prices to record highs.