India Reopens Wheat Exports Amid Record Stockpiles

India has lifted its ban on wheat exports after years of restrictions, allowing durum wheat and processed wheat products to enter the global market. The move takes effect immediately, according to Bloomberg. The country had largely banned wheat exports since 2022 due to a surge in global prices and heatwaves that raised concerns over domestic food security.

However, with improved domestic supplies and record stockpiles, India has decided to fully reopen its exports. The latest wheat crop reached a record high of 120.6 million tons, while the USDA forecasts that stocks at the end of the 2026/27 marketing year could also reach a new record.

The resumption of Indian shipments is expected to increase wheat supplies for importers across Asia, Africa, and the Middle East, where exports from the Black Sea region are facing disruptions due to attacks on ports and commercial vessels. While Indian wheat may be less competitive globally due to higher domestic prices, it could provide an additional source of supply and ease pressure on the global market.