# Forecast Indian wheat exports cut by 2Mt: WASDE - Grain Central

> The June WASDE cut India's 2022-23 wheat exports by 2 million tonnes to 6.5 mt after the government restricted shipments. Indian production was cut 2.5 mt to 106 mt on heat damage, while Russia's wheat production and exports were raised.

- Date: 2022-06-13 · published 2022-06-13T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/40899-forecast-indian-wheat-exports-cut-by-2mt-wasde-grain-central
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower Indian exports tighten global wheat supply, but Russia's larger and competitive exports offset much of that effect. Overall the report is largely neutral for wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2018-03-22 | [No hike in Indian wheat tariff good news for Australia - Grain Central](https://feedsoft.ai/events/65967-no-hike-in-indian-wheat-tariff-good-news-for-australia-grain-central.md) | +0.1% | +4.9% |
| WHEAT | 2021-01-20 | [Ukrainian seaports cut grain export by more than 6 mln tonnes in 2020](https://feedsoft.ai/events/48981-ukrainian-seaports-cut-grain-export-by-more-than-6-mln-tonnes-in-2020.md) | +4.0% | +2.6% |
| WHEAT | 2020-03-19 | [Feedgrain Focus: Exports, weaker AUD lift values - Grain Central](https://feedsoft.ai/events/54200-feedgrain-focus-exports-weaker-aud-lift-values-grain-central.md) | -5.4% | -2.2% |
| WHEAT | 2022-10-14 | [India allows exports of wheat flour processed from imported grain](https://feedsoft.ai/events/39079-india-allows-exports-of-wheat-flour-processed-from-imported-grain.md) | +3.7% | +4.3% |
| WHEAT | 2021-10-14 | [India could grab a big chunk in global exports of wheat and rice - India Xports 2.0](https://feedsoft.ai/events/44514-india-could-grab-a-big-chunk-in-global-exports-of-wheat-and-rice-india-xports-2.md) | +1.3% | +9.2% |

## Sources

- graincentral.com: https://www.graincentral.com/markets/wheat-barley-canola-corn-soybeans/

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