India: India Bans Wheat Exports Due to Domestic Supply Concerns

  |   Attaché Report (GAIN)   |   IN2022-0046

On Friday, May 13, 2022, the Indian government announced a ban on wheat exports, effective immediately, citing the sudden spike in global wheat prices and the resulting food security risks to India. Exemptions have been extended to export contracts with customs' registration or an irrevocable letter of credit on or before May 13, 2022, and exports allowed by the government to other countries to meet their food security requirements based on requests from these governments. The decision to ban exports is a result of the smaller-than-expected MY 2022/2023 wheat harvest, rising food inflation, and low government wheat procurement under its Minimum Support Price program which affects the Government of India’s ability to supply wheat under its domestic food assistance/security programs.

Related Reports

Attaché Report (GAIN)

Brazil: Grain and Feed Update

Brazil is set for another record-breaking grain harvest. Post maintains its corn planted area forecast at 22.5 million hectares for MY 2022/2023 and corn production is forecast at 125.5 MMT for MY 2022/2023, up 8 percent from the estimated 116 MMT for MY 2021/2022.
Attaché Report (GAIN)

Argentina: Oilseeds and Products Update

Dry weather and high temperatures in the last months of 2022 have damaged the Marketing Year (MY) 2022/23 Argentine soybean crop, particularly affecting first crop soybeans within a 125 kilometer radius of Rosario, Santa Fe Province.
Attaché Report (GAIN)

India: India Halal Market Update - 2023

On January 17, 2023, the Indian government issued Notification No. 25/2022-23) proposing draft guidelines to streamline the halal certification process for export of meat and meat products from India.