# Agri exports to reach 2022’s figures despite restrictions - IndBiz | Economic Diplomacy Division | IndBiz | Economic Diplomacy Division

> Indian officials expect agricultural exports in FY24 to match last year's $53 billion despite $4-5 billion in losses from curbs on rice, wheat and sugar. The government is promoting bananas and millet products and developing sea protocols for fresh produce.

- Date: 2023-12-22 · published 2023-12-22T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/32648-agri-exports-to-reach-2022-s-figures-despite-restrictions-indbiz-economic
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export curbs on wheat, rice and sugar remain in force, tightening global supply, though officials expect diversification to offset part of the loss.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-12-21 | [India's agri exports may stay flat in FY24 due to ban on wheat, rice, sugar \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/32644-india-s-agri-exports-may-stay-flat-in-fy24-due-to-ban-on-wheat-rice-sugar.md) | +0.7% | +1.5% |
| WHEAT | 2022-08-26 | [India restricts wheat flour exports to bring down record prices \| Reuters](https://feedsoft.ai/events/39987-india-restricts-wheat-flour-exports-to-bring-down-record-prices-reuters.md) | +0.4% | +5.3% |
| 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 | 2024-05-07 | [INDIA ELECTIONS: Restrictive steps for wheat, rice exports may persist amid sticky inflation \| S&P Global](https://feedsoft.ai/events/30206-india-elections-restrictive-steps-for-wheat-rice-exports-may-persist-amid.md) | +1.7% | +6.7% |
| 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% |
| 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 | 2024-07-29 | [After a year, India’s rice export restrictions continue to fuel high prices \| IFPRI](https://feedsoft.ai/events/29222-after-a-year-india-s-rice-export-restrictions-continue-to-fuel-high-prices-ifpri.md) | -1.9% | -1.5% |
| RICE | 2024-02-08 | [India’s export restrictions on rice continue to disrupt global markets, supplies, and prices \| Asia and the Pacific Food Security Portal](https://feedsoft.ai/events/31608-india-s-export-restrictions-on-rice-continue-to-disrupt-global-markets-supplies.md) | +0.7% | -5.7% |

## Sources

- indbiz.gov.in: https://indbiz.gov.in/agri-exports-to-reach-2022s-figures-despite-restrictions/

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