# Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports

> India's wheat export ban, announced on Saturday after the government had said it was targeting record exports, has trapped about 1.8 million tonnes of grain at ports. Dealers report heavy losses as they face selling into a weaker domestic market.

- Date: 2022-05-16 · published 2022-05-16T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/41433-exclusive-india-s-surprise-wheat-export-ban-traps-1-8-million-tonnes-at-ports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Stranded Indian cargoes remove supply from export markets, supporting world wheat prices while exporters face losses and possible shipment disruption.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-16 | [Wheat prices rise almost 6% as India export ban shakes markets](https://feedsoft.ai/events/41451-wheat-prices-rise-almost-6-as-india-export-ban-shakes-markets.md) | +4.0% | -0.3% |
| WHEAT | 2023-06-22 | [India may be forced to reinstate exports ban as wheat harvest ...](https://feedsoft.ai/events/35456-india-may-be-forced-to-reinstate-exports-ban-as-wheat-harvest.md) | +7.6% | -0.3% |
| WHEAT | 2022-05-16 | [India’s wheat ban seen extending dry bulk tonne-mile picture - Splash247](https://feedsoft.ai/events/41599-india-s-wheat-ban-seen-extending-dry-bulk-tonne-mile-picture-splash247.md) | +4.0% | -0.3% |
| WHEAT | 2022-06-02 | [India Wheat Export Ban: India allows small amount of wheat to move out after ban, big stocks still stuck \| India Business News - Times of India](https://feedsoft.ai/events/40907-india-wheat-export-ban-india-allows-small-amount-of-wheat-to-move-out-after-ban.md) | +0.1% | +0.7% |
| WHEAT | 2022-02-28 | [India's wheat exports set to surge amid Black Sea supply uncertainty \| Reuters](https://feedsoft.ai/events/42687-india-s-wheat-exports-set-to-surge-amid-black-sea-supply-uncertainty-reuters.md) | +12.1% | +26.0% |
| KWHEAT | 2022-05-16 | [Wheat prices rise almost 6% as India export ban shakes markets](https://feedsoft.ai/events/41451-wheat-prices-rise-almost-6-as-india-export-ban-shakes-markets.md) | 0.0% | -7.3% |
| KWHEAT | 2022-05-16 | [India’s wheat ban seen extending dry bulk tonne-mile picture - Splash247](https://feedsoft.ai/events/41599-india-s-wheat-ban-seen-extending-dry-bulk-tonne-mile-picture-splash247.md) | 0.0% | -7.3% |
| KWHEAT | 2022-06-02 | [India Wheat Export Ban: India allows small amount of wheat to move out after ban, big stocks still stuck \| India Business News - Times of India](https://feedsoft.ai/events/40907-india-wheat-export-ban-india-allows-small-amount-of-wheat-to-move-out-after-ban.md) | +2.4% | -15.9% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/exclusive-indias-surprise-wheat-export-ban-traps-18-mln-t-ports-trade-2022-05-16/

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