India Revives Wheat Exports Amid Global Price Surge
The global wheat market has seen a significant rally in recent months, with prices rising by over 14% in just one month. This surge in prices has created an opportunity for Indian wheat exporters to tap into new markets.
After a four-year ban on exports, India has now allowed the export of 5 million tonnes of wheat and 1 million tonnes of wheat products in 2026. The government had previously imposed restrictions due to concerns over domestic supplies, but with current surplus stocks, the country is now in a position to meet its own needs and also export some quantities.
The total stock of wheat in India's central pool stands at 57.8 million metric tonnes, which includes carry-forward stock of 22 million tonnes as on April 1, 2026, and procurement of 35.8 million tonnes during the rabi marketing season 2026-27.
The government has allocated about 21 million tonnes for the Public Distribution System and Other Welfare Schemes, and 7.5 million tonnes for the buffer stock. This leaves a surplus that can be exported to countries with a price parity that makes it profitable for Indian exporters.