India Lifts Wheat Export Ban Amid Global Supply Pressures

The Indian government has lifted its year-long ban on wheat exports, effective immediately. The decision comes after the government allowed limited shipments of wheat in February. India is one of the world's largest wheat producers, and the move aims to ease supply pressures in import-dependent countries across Asia, Africa, and the Middle East.

The Russia-Ukraine war had sent global wheat prices soaring, making India a major supplier briefly after the ban was imposed. However, with improved supplies and record domestic stockpiles, India has emerged as an exporter of wheat again.