India lifts 4-year-long ban on wheat exports
Ample stocks of the commodity allow for shipments and encourage farmers to increase production in coming years.
India has lifted a four-year ban on exports of wheat and wheat products, according to the Directorate General of Foreign Trade (DGFT) in an official notification. The ban was imposed in May 2022. This decision was made amid sufficient domestic stocks of wheat, the government stated, indicating a move to encourage farmers by boosting their incomes and promoting increased wheat production in the future.
The nation's food and public distribution secretary, Sanjeev Chopra, explained that the depression in domestic wheat prices would be alleviated by allowing exports, consequently raising domestic prices and incentivizing better sowing in the upcoming season. In the 2025-26 crop year, India produced approximately 120.65 million tonnes of wheat, marking a 2.3% increase compared to the previous year.
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Also reported by 1 other outlet
- India lifts 4-year-long ban on wheat exports freemalaysiatoday.com
