# Wheat prices rocket on India export ban. London, Paris futures set record highs - Grain Price News

> Wheat futures rose limit-up after India curbed exports, allowing shipments only to countries that request them for food security. Chicago SRW, Kansas HRW and Minneapolis spring wheat all hit multi-year highs, and London and Paris futures set record closes.

- Date: 2022-05-16 · published 2022-05-16T12:00:00.000Z
- Category: trade · region India · magnitude high
- Page: https://feedsoft.ai/events/41448-wheat-prices-rocket-on-india-export-ban-london-paris-futures-set-record-highs
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

India's export curbs remove a major supplier from a market already short of Black Sea grain, so global wheat import costs and feed-grain alternatives are likely to stay firm.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-04-23 | [U.S. grains: Export hopes push soy, corn, wheat futures higher - Grainews](https://feedsoft.ai/events/53671-u-s-grains-export-hopes-push-soy-corn-wheat-futures-higher-grainews.md) | -1.1% | +0.1% |
| WHEAT | 2021-01-13 | [First rice, now wheat: India rides on global grain trade bandwagon \| India News - The Indian Express](https://feedsoft.ai/events/49098-first-rice-now-wheat-india-rides-on-global-grain-trade-bandwagon-india-news-the.md) | +1.4% | -4.7% |
| WHEAT | 2020-10-30 | [Wheat prices gain in India on higher export and festival demand, but still rule below MSP](https://feedsoft.ai/events/50606-wheat-prices-gain-in-india-on-higher-export-and-festival-demand-but-still-rule.md) | -1.8% | -7.1% |
| 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 | 2021-05-19 | [India exports record 20 MT of rice, wheat in FY21 - Economy News \| The Financial Express](https://feedsoft.ai/events/47045-india-exports-record-20-mt-of-rice-wheat-in-fy21-economy-news-the-financial.md) | -2.8% | +2.2% |
| 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 | 2026-10-29 | [Wheat Futures Turn Higher After USDA Export Sales Hit… - SquawkNews](https://feedsoft.ai/events/2010-wheat-futures-turn-higher-after-usda-export-sales-hit-squawknews.md) | -2.3% | — |
| KWHEAT | 2022-03-31 | [Wheat exporters jockey for lucrative Egypt gap \| India News](https://feedsoft.ai/events/42249-wheat-exporters-jockey-for-lucrative-egypt-gap-india-news.md) | +3.9% | +8.8% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/05/16/hard-wheat-prices-jump-to-14-year-highs-on-indian-export-ban/

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