# Export ban on wheat to continue; record output likely: FCI CMD | Economy & Policy News - Business Standard

> India's government said its wheat export ban will continue as long as domestic supplies are not comfortable. FCI said recent unseasonal rains have not hurt output, which is still projected at a record 112 million tonnes for 2023-24. Procurement of the new crop has started at minimum support prices.

- Date: 2023-03-28 · published 2023-03-28T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/36808-export-ban-on-wheat-to-continue-record-output-likely-fci-cmd-economy-and-policy
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A continued Indian export ban keeps a major wheat supplier off world markets, supporting global wheat prices. A record Indian crop would ease that pressure over time.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 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) | -1.2% | +1.2% |
| RICE | 2023-08-28 | [Central govt's restrictions on rice exports puts wheat and sugar in focus \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/34529-central-govt-s-restrictions-on-rice-exports-puts-wheat-and-sugar-in-focus.md) | +6.2% | +1.1% |
| RICE | 2020-08-01 | [Tweak FCI's procurement strategies to boost rice exports: Expert panel \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/51564-tweak-fci-s-procurement-strategies-to-boost-rice-exports-expert-panel-economy.md) | -0.6% | +6.3% |
| RICE | 2026-07-28 | [US, Japan urge India to address export restrictions in farm sector \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/18288-us-japan-urge-india-to-address-export-restrictions-in-farm-sector-economy-and.md) | +3.9% | +6.6% |
| RICE | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.6% |
| WHEAT | 2023-03-30 | [India: Export ban on wheat to continue, record output likely even after untimely rains: FCI](https://feedsoft.ai/events/36813-india-export-ban-on-wheat-to-continue-record-output-likely-even-after-untimely.md) | -11.1% | -14.6% |
| 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 | 2022-11-10 | [Soaring wheat prices in India likely to prompt price-cooling measures: Govt \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/38633-soaring-wheat-prices-in-india-likely-to-prompt-price-cooling-measures-govt.md) | +1.3% | -8.6% |

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/wheat-export-ban-to-continue-for-now-says-fci-chief-ashok-k-meena-123032800886_1.html

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