India’s Food Ministry has recommended easing the May 2022 export ban on wheat-based products. The ministry suggests allowing 1 million tonne of exports initially, citing high wheat stocks, stable prices, and strong crop prospects for the upcoming season.

 BulletsIn

•  Govt considering lifting 2022 ban on wheat product exports
•  Proposal to allow 1 MT wheat-product exports first phase
•  FCI wheat stocks at 30.46 MT, well above buffer norms
•  Weak response to OMSS auctions shows market stability
•  Strong crop outlook with expected bumper harvest
•  Milling industry pushing to reclaim lost export markets
•  Wheat inflation eased to 2.04% in October
•  Traders say exports support price stability and mill utilisation
•  Govt balancing export demand with food security concerns
•  Wheat output projected at record 117.5 MT for 2024–25