Wheat Exports from India Yet to Begin

22-Apr-2026 07:09 PM

Mumbai: Although the government has issued licenses to exporters for the 2.5 million-ton wheat export quota announced in February, exporters are facing an uphill battle to secure contracts due to extremely fierce competition.

The average Free-On-Board (FOB) export offer price for Indian wheat is currently hovering between $265 and $270 per ton, whereas wheat from Russia, Ukraine, and the European Union is available for a mere $230 to $240 per ton.

Market analysts suggest that this is a matter of market dynamics, and government policy intervention is unlikely to prove effective in this scenario.

Exports may become viable only if global market prices rise and firm up. The government cannot allow domestic wheat prices to fall any further, as doing so could inflict severe financial losses upon farmers.