India allows 5 million tonnes of wheat exports after four-year ban amid global price surge

India has lifted a four-year ban on wheat exports, authorizing shipments of up to 5 million tonnes through 2026. The decision comes as global wheat prices surge, driven by rising freight costs and concerns over worldwide crop yields, creating favorable conditions for Indian wheat in international markets.

With substantial wheat reserves, India is positioned to capitalize on improved export prospects. Indian wheat prices have moved into a competitive range for markets like Bangladesh, while wholesale prices in Delhi have risen in line with global trends.

The export authorization marks a significant shift in India's wheat policy and reflects changing global market dynamics that have made Indian supplies attractive to overseas buyers.