India lifts wheat export ban imposed in May 2022, switches policy to “free”
AI Market Summary
India's government lifted its 2022 wheat export ban immediately, shifting policy from "prohibited" to "free" amid depressed domestic prices and record 2025–26 output with ample buffer stocks. The move can tighten domestic surplus by reopening outbound demand, supporting farm-gate pricing while signaling confidence that inventories can cushion consumer price volatility. Global wheat trade flows could adjust as Indian supply becomes available without licensing constraints.
Impact level
● Medium
Affected assets
NCCOWHEAT2USD/USDT-1.88%
AI Insight · NCCOWHEAT2USD/USDTAI Insight
▲ Bullish
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India said it has lifted, with immediate effect, the wheat export ban in place since May 2022 to help improve farmers’ earnings. The government said domestic prices are currently low and the country has adequate stocks, including nearly 49 million tonnes of buffer wheat held by the Food Corporation of India. India harvested a record 120.65 million tonnes of wheat in the 2025–26 crop year, while a licence-based system had previously allowed exports of 60 lakh tonnes, of which 2.5 lakh tonnes have been shipped.
