India Reopens Wheat Exports Amid Global Grain Market Pressures

India has lifted its ban on wheat exports, which is expected to ease global grain market pressures. This decision comes after India allowed limited exports in February and follows a record harvest of 120.6 million tons.

The country's output and inventory estimates have changed since the initial ban was imposed in 2022 due to the Russia-Ukraine conflict, causing wheat prices to surge.

India's export ban had restricted its participation in global wheat trade but with increased inventories, the government now has room to sell abroad while still meeting domestic needs.