# India's wheat exports set for record amid rare surge in shipments. Read here | Stock Market News

> Bloomberg reports that the USDA expects India to ship a record 7 million tonnes of wheat in 2021-22, more than double the prior season. Surging prices among major exporters and Russian export restrictions have made Indian supply more attractive. Cargoes are gaining ground in nearby markets such as Bangladesh.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: report · region India · magnitude medium
- Page: https://feedsoft.ai/events/42689-india-s-wheat-exports-set-for-record-amid-rare-surge-in-shipments-read-here
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A record Indian export pace adds competing supply in Asian markets, but it also reflects tight global wheat demand that supports prices. Buyers are substituting Indian wheat for disrupted origins.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-30 | [Key data in USDA stocks and wheat harvest reports, and difference from market forecasts - Grain Price News](https://feedsoft.ai/events/39554-key-data-in-usda-stocks-and-wheat-harvest-reports-and-difference-from-market.md) | +0.4% | -10.7% |
| WHEAT | 2017-07-20 | [USDA exports – Sales surge for corn, soybeans and wheat](https://feedsoft.ai/events/69823-usda-exports-sales-surge-for-corn-soybeans-and-wheat.md) | -2.7% | +0.0% |
| WHEAT | 2022-11-21 | [Canada lifts canola, durum, wheat price forecasts, amid hopes for export revivals - Grain Price News](https://feedsoft.ai/events/38787-canada-lifts-canola-durum-wheat-price-forecasts-amid-hopes-for-export-revivals.md) | +0.2% | -2.4% |
| WHEAT | 2019-12-06 | [Farming News - ADM Agriculture Wheat Market Report](https://feedsoft.ai/events/11059-farming-news-adm-agriculture-wheat-market-report.md) | -3.5% | -0.6% |
| WHEAT | 2021-06-24 | [EU trims 2021/22 wheat harvest and stocks forecasts - Markets - Business Recorder](https://feedsoft.ai/events/46520-eu-trims-2021-22-wheat-harvest-and-stocks-forecasts-markets-business-recorder.md) | -0.1% | -3.6% |

## Sources

- livemint.com: https://www.livemint.com/market/commodities/indias-wheat-exports-set-for-record-amid-rare-surge-in-shipments-read-here-11644451206731.html

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