# India bans wheat exports as heat wave hurts crop, domestic prices soar | Reuters

> India banned wheat exports on May 14 after a heat wave cut output and domestic prices hit record highs. Exports backed by existing letters of credit and government-to-government food security requests remained allowed.

- Date: 2022-05-16 · published 2022-05-16T12:00:00.000Z
- Category: policy · region India · magnitude high
- Page: https://feedsoft.ai/events/41364-india-bans-wheat-exports-as-heat-wave-hurts-crop-domestic-prices-soar-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

India is the world's second-largest wheat producer, so the ban removes a major exporter from the market and lifts global wheat prices.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2022-05-14 | [India says ban on wheat exports is to check unregulated trade \| Reuters](https://feedsoft.ai/events/41368-india-says-ban-on-wheat-exports-is-to-check-unregulated-trade-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -0.2% | -10.7% |
| WHEAT | 2026-01-20 | [India Allows Some Exports of Wheat Products After Three-Year Ban - Bloomberg](https://feedsoft.ai/events/21008-india-allows-some-exports-of-wheat-products-after-three-year-ban-bloomberg.md) | +2.0% | +4.5% |
| KWHEAT | 2022-05-14 | [India says ban on wheat exports is to check unregulated trade \| Reuters](https://feedsoft.ai/events/41368-india-says-ban-on-wheat-exports-is-to-check-unregulated-trade-reuters.md) | 0.0% | -7.3% |
| KWHEAT | 2020-04-16 | [Romania's wheat export ban triggers supply chain concerns in Asia/Middle East, boosts prices](https://feedsoft.ai/events/53537-romania-s-wheat-export-ban-triggers-supply-chain-concerns-in-asia-middle-east.md) | +2.2% | -4.5% |
| KWHEAT | 2025-06-13 | [India Defends Wheat Export Ban at WTO Amid Price Concerns – Bharat Pulse News](https://feedsoft.ai/events/24154-india-defends-wheat-export-ban-at-wto-amid-price-concerns-bharat-pulse-news.md) | +7.7% | -3.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/india-prohibits-wheat-exports-with-immediate-effect-2022-05-14/

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