# INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation | S&P Global

> S&P Global expects India to keep export curbs on rice until the October harvest and on wheat until March 2025, citing persistent food inflation. Lower import duties on vegetable oils have been extended until 2025.

- Date: 2024-05-07 · published 2024-05-07T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected extended Indian curbs on rice and wheat keep major exporters' supply restricted, supporting global grain prices, while lower vegetable oil import duties could raise Indian demand for palm and soy oil.

## Read by commodity

- SBO: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-11-27 | [Global rice markets face stresses from El Niño, India export restrictions](https://feedsoft.ai/events/33101-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions.md) | -2.2% | -1.0% |
| RICE | 2024-05-07 | [Asian Rice Market On Edge: India's Export Restrictions Propel Global Prices](https://feedsoft.ai/events/30330-asian-rice-market-on-edge-india-s-export-restrictions-propel-global-prices.md) | +1.6% | -4.5% |
| RICE | 2023-10-02 | [Global rice markets face stresses from El Niño, India export restrictions \| IFPRI](https://feedsoft.ai/events/33551-global-rice-markets-face-stresses-from-el-nino-india-export-restrictions-ifpri.md) | +0.8% | +1.9% |
| RICE | 2024-07-20 | [Pakistan’s rice exports surge to record amid India's export restrictions](https://feedsoft.ai/events/4979-pakistan-s-rice-exports-surge-to-record-amid-india-s-export-restrictions.md) | +7.0% | +2.4% |
| RICE | 2022-09-09 | [India restricts rice exports, could fuel food inflation](https://feedsoft.ai/events/39557-india-restricts-rice-exports-could-fuel-food-inflation.md) | +5.0% | -0.5% |
| WHEAT | 2022-07-07 | [India restricts wheat flour exports \| Reuters](https://feedsoft.ai/events/40457-india-restricts-wheat-flour-exports-reuters.md) | -5.1% | -4.3% |
| WHEAT | 2021-10-19 | [India's unexpected wheat export restriction traps 1.8 million tonnes at ports · Business Upturn](https://feedsoft.ai/events/44507-india-s-unexpected-wheat-export-restriction-traps-1-8-million-tonnes-at-ports.md) | +0.7% | +9.2% |
| WHEAT | 2026-01-16 | [India: Export quota for wheat flour and related products - Global Trade Alert](https://feedsoft.ai/events/21017-india-export-quota-for-wheat-flour-and-related-products-global-trade-alert.md) | -0.5% | +4.1% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/050724-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid-sticky-inflation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.