India Shifts Wheat Export Policy to Free Amid Global Supply Disruptions

India's decision to move certain wheat products from the prohibited export category to the free export category has significant implications for global food security. On August 24, 2026, the Directorate General of Foreign Trade revised the export policy of specified wheat lines, including durum wheat, wheat flour, and related products.

The change comes at a critical time as Russia and Ukraine, major suppliers of globally traded wheat, are facing disruptions in their ports and terminals due to conflict. This has led to a 17% rise in Chicago wheat futures since early July.

India's move is not merely a response to domestic circumstances but also reflects the country's changing role in global food security. With a surplus of 53.41 million metric tonnes as of June 1, 2026, India can now focus on exporting its excess wheat, supporting increased consumption and government distribution requirements.

The United States Department of Agriculture projects another record wheat harvest in the 2026-2027 marketing year, with production forecast at around 120 million metric tonnes. This shift from an inward-looking policy to a more outward-focused one will have far-reaching implications for exporters, traders, millers, and international buyers.