# India’s wheat ban seen extending dry bulk tonne-mile picture - Splash247

> India's decision to ban wheat exports over the weekend is expected to pull more dry bulk ships toward the Americas, extending tonne-mile demand for panamaxes, supramaxes and handies. Wheat prices rose by the daily maximum on Monday after a severe heatwave hit Indian production. G7 foreign ministers also urged Russia to free Ukrainian sea routes.

- Date: 2022-05-16 · published 2022-05-16T12:00:00.000Z
- Category: trade · region India · magnitude high
- Page: https://feedsoft.ai/events/41599-india-s-wheat-ban-seen-extending-dry-bulk-tonne-mile-picture-splash247
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

The India export ban removes a major supply source and lifts wheat and freight costs, pushing up grain-based feed prices and ocean freight rates.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-05-16 | [Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports](https://feedsoft.ai/events/41433-exclusive-india-s-surprise-wheat-export-ban-traps-1-8-million-tonnes-at-ports.md) | +4.0% | -0.3% |
| WHEAT | 2018-02-21 | [Egypt's GASC Buys 120,000 Tonnes Wheat In Tender](https://feedsoft.ai/events/66400-egypt-s-gasc-buys-120-000-tonnes-wheat-in-tender.md) | +0.4% | +1.2% |
| 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 | 2023-06-21 | [India to resume exporting wheat, broken rice to 4 countries  - India Today](https://feedsoft.ai/events/35457-india-to-resume-exporting-wheat-broken-rice-to-4-countries-india-today.md) | +9.4% | +0.6% |
| KWHEAT | 2022-05-16 | [Exclusive: India's surprise wheat export ban traps 1.8 million tonnes at ports](https://feedsoft.ai/events/41433-exclusive-india-s-surprise-wheat-export-ban-traps-1-8-million-tonnes-at-ports.md) | 0.0% | -7.3% |
| KWHEAT | 2018-02-21 | [Egypt's GASC Buys 120,000 Tonnes Wheat In Tender](https://feedsoft.ai/events/66400-egypt-s-gasc-buys-120-000-tonnes-wheat-in-tender.md) | +3.7% | -0.4% |
| 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% |

## Sources

- splash247.com: https://splash247.com/indias-wheat-ban-seen-extending-dry-bulk-tonne-mile-picture/

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