India has reopened wheat exports after a three‑year ban, permitting the shipment of 2.5 million tonnes to support farmers amid falling domestic prices. But exporting won’t be easy.
With Indian wheat costing far above global market rates — even after factoring in freight — the country is struggling to compete internationally. While ports like Kandla and Visakhapatnam face unviable price gaps of over $45 per tonne compared to global wheat, limited exports to Bangladesh via road or rail remain India’s only feasible option.
With wheat stocks at a 10-year high and no export subsidy expected, questions remain on whether India can find buyers. However, a forecasted El Niño‑driven global shortage later this year may shift the market in India’s favour.
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Published on February 25, 2026
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