# Why India shouldn't get carried away by wheat, rice export bonanza due to Ukraine war

> India's retail food inflation rose to 7.7% in March 2022, and the government extended free grain distribution through September. Exporters are signing large wheat and rice contracts because of high global prices, and procurement data is weak. The article questions whether India has enough grain to meet both domestic and export needs.

- Date: 2022-04-20 · published 2022-04-20T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/41812-why-india-shouldn-t-get-carried-away-by-wheat-rice-export-bonanza-due-to
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Export contracts pulling Indian wheat and rice abroad support global grain prices, while Indian export curbs would be a bullish risk for buyers.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-04-28 | [India's wheat export boom brings a bonanza to farmers, and budget relief \| Reuters](https://feedsoft.ai/events/41888-india-s-wheat-export-boom-brings-a-bonanza-to-farmers-and-budget-relief-reuters.md) | -1.3% | +0.9% |
| 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% |
| WHEAT | 2017-09-25 | [Russia: wheat export prices are rising due to good](https://feedsoft.ai/events/69002-russia-wheat-export-prices-are-rising-due-to-good.md) | -7.1% | +2.9% |
| WHEAT | 2022-03-21 | [India to boost wheat exports to fill void left by Ukraine conflict 21.03.2022 - UkrAgroConsult](https://feedsoft.ai/events/42250-india-to-boost-wheat-exports-to-fill-void-left-by-ukraine-conflict-21-03-2022.md) | +15.8% | +5.9% |
| WHEAT | 2018-07-24 | [Due to higher prices, Russia increases wheat export](https://feedsoft.ai/events/63888-due-to-higher-prices-russia-increases-wheat-export.md) | -1.0% | -0.2% |
| RICE | 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) | +2.8% | -9.0% |
| RICE | 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) | -1.4% | -1.2% |
| RICE | 2020-11-05 | [Wheat, rice contribute 50% to agri export - The Tribune](https://feedsoft.ai/events/50108-wheat-rice-contribute-50-to-agri-export-the-tribune.md) | -2.3% | -1.6% |

## Sources

- theprint.in: https://theprint.in/opinion/why-india-shouldnt-get-carried-away-by-wheat-rice-export-bonanza-due-to-ukraine-war/922991/

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