# India's wheat export boom brings a bonanza to farmers, and budget relief | Reuters

> India's wheat exports are booming as global wheat prices have surged nearly 50%, making Indian wheat competitive after previously being priced above world levels. The article notes the resulting gains for Indian farmers and government budget relief.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/41888-india-s-wheat-export-boom-brings-a-bonanza-to-farmers-and-budget-relief-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Indian wheat re-entering export markets adds supply to a tight world market, partly offsetting losses from Black Sea exports but keeping global wheat prices firm.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| WHEAT | 2021-02-14 | [Export boom leads to higher wheat prices for area farmers](https://feedsoft.ai/events/9250-export-boom-leads-to-higher-wheat-prices-for-area-farmers.md) | +9.4% | +9.0% |
| WHEAT | 2022-04-20 | [Why India shouldn't get carried away by wheat, rice export bonanza due to Ukraine war](https://feedsoft.ai/events/41812-why-india-shouldn-t-get-carried-away-by-wheat-rice-export-bonanza-due-to.md) | +8.2% | +13.4% |
| 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 | 2023-09-27 | [US, UK, EU & others question India at WTO over wheat, rice and onion export restrictions](https://feedsoft.ai/events/34048-us-uk-eu-and-others-question-india-at-wto-over-wheat-rice-and-onion-export.md) | -5.3% | -2.4% |

## Sources

- reuters.com: https://www.reuters.com/world/india/indias-wheat-export-boom-brings-bonanza-farmers-budget-relief-2022-04-28/

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