India clears 5 million tonnes of wheat exports in 2026 as CBOT rally restores export parity with Bangladesh
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India's decision to allow 5m tonnes of wheat exports in 2026 (plus 1m tonnes of wheat products) ends a four-year restriction and adds potential supply to global markets just as CBOT wheat has rallied >14% in a month on drought risks and higher Middle East freight costs. Despite large domestic stocks, the policy opens a credible export channel (notably to Bangladesh), influencing near-term wheat trade flows and price sensitivity.
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India has lifted a four-year ban and approved exports of 5 million tonnes of wheat and 1 million tonnes of wheat products in 2026, as global wheat prices surge. CBOT wheat futures have risen more than 14% over the past month, alongside higher Middle East freight costs and drought concerns in Europe, the USA and Australia, bringing Indian wheat to export parity for Bangladesh. Wheat stocks in India’s central pool stand at 57.8 million metric tonnes versus combined PDS and buffer requirements of 28.5 million tonnes, and Delhi wholesale wheat prices rose 1.7% over the past month.