# India 2021-22 wheat procurement spikes, may limit exports

> The Food Corporation of India has bought 20.0 million mt of wheat from farmers so far in the 2021-22 marketing season that began April 1, more than four times the same period last year. Government purchases are seen reaching 42.7 million mt in 2021-22.

- Date: 2021-04-26 · published 2021-04-26T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/47562-india-2021-22-wheat-procurement-spikes-may-limit-exports
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Heavier state procurement tightens India's exportable wheat supply, which could lift global wheat export prices at a time when global inventories are at two-year lows.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2021-06-03 | [India 2021-22 wheat exports seen falling 10% on year amid COVID-19 shutdowns: sources](https://feedsoft.ai/events/46516-india-2021-22-wheat-exports-seen-falling-10-on-year-amid-covid-19-shutdowns.md) | +1.3% | -1.4% |
| 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 | 2022-10-14 | [India allows exports of wheat flour processed from imported grain](https://feedsoft.ai/events/39079-india-allows-exports-of-wheat-flour-processed-from-imported-grain.md) | +3.7% | +4.3% |
| 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% |
| 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 | 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) | +3.8% | +10.7% |
| 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% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/042621-india-2021-22-wheat-procurement-spikes-may-limit-exports

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