India Lifts Wheat Export Ban as Domestic Harvests Soar

India has lifted its wheat export ban effective immediately, citing record domestic harvests and strong buffer stocks. The government has moved the wheat and wheat flour export policy from 'Prohibited' to 'Free', allowing agricultural exporters access to international markets.

The Directorate General of Foreign Trade (DGFT) issued notifications on August 24, 2026, changing the export status for these items with immediate effect. This marks a significant shift from the restrictive measures put in place since May 2022 to secure local food supplies and manage inflation.

The policy reversal aims to help domestic farmers and traders access global markets, potentially aiding in the stabilization of international wheat supplies amid ongoing supply chain volatility. However, investors should consider the broader market dynamics, including global price competitiveness.