
India's government permitted exports of 2.5 million metric tonnes of wheat under DGFT Notification No. 62/2025-26, dated February 24, 2026. Wheat remains prohibited overall, and the detailed procedures will be specified separately.
The quota is in addition to existing government-to-government food security exports.
A partial export allowance from the world's second-largest wheat producer adds some supply to international markets, which is mildly bearish for wheat. The size is small relative to global trade, so the price effect is likely limited.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.