India Resumes Wheat Exports After Four Year Gap
Indian traders have started exporting wheat again following the lifting of a 2022 ban. High domestic prices may limit demand to buyers with urgent supply needs.
India resumed Wheat exports for the first time in four years, with ITC LTD loading 22,000 tons for shipment. New Delhi lifted a 2022 ban after a robust harvest allowed the government to rebuild depleted grain reserves. High domestic prices and a $20 per ton premium over global rivals will likely restrict sales to urgent buyers.
### Logistics and Geopolitical Friction ITC LTD began loading the grain at Kandla port for delivery to the United Arab Emirates, people familiar with the matter said. The deal was signed at $275 per ton free on board. While India is the world's largest producer of the grain after China, it had restricted overseas sales since 2022 to protect domestic supply.
