# Amid surplus yield, India to export wheat on G2G basis - The Statesman

> India's agriculture minister says wheat production is in surplus and that the country will export wheat. NAFED has been directed to ship 50,000 tonnes to Afghanistan and 40,000 tonnes to Lebanon under government-to-government deals.

- Date: 2020-04-11 · published 2020-04-11T12:00:00.000Z
- Category: trade · region India · magnitude low
- Page: https://feedsoft.ai/events/53621-amid-surplus-yield-india-to-export-wheat-on-g2g-basis-the-statesman
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The announced volumes are small relative to global wheat trade, so the price effect is modest. The move signals that India is willing to export wheat, which adds some supply.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-11-22 | [Russian wheat exports on the rise - The Sizov Report blog](https://feedsoft.ai/events/14532-russian-wheat-exports-on-the-rise-the-sizov-report-blog.md) | -0.1% | -3.6% |
| WHEAT | 2022-01-26 | [India may export record 6.5 million tonnes of wheat this fiscal - The HinduBusinessLine](https://feedsoft.ai/events/43118-india-may-export-record-6-5-million-tonnes-of-wheat-this-fiscal-the.md) | -2.3% | -0.2% |
| WHEAT | 2019-02-27 | [Russia could still export 4-5 million tons of wheat](https://feedsoft.ai/events/60447-russia-could-still-export-4-5-million-tons-of-wheat.md) | +1.3% | +5.4% |
| WHEAT | 2021-08-10 | [India re-emerges as rice and wheat exporter  \| World Grain](https://feedsoft.ai/events/45526-india-re-emerges-as-rice-and-wheat-exporter-world-grain.md) | +3.4% | +5.1% |
| WHEAT | 2022-12-07 | [Wheat prices touch 14-month low on surging Russian exports - Nikkei Asia](https://feedsoft.ai/events/6645-wheat-prices-touch-14-month-low-on-surging-russian-exports-nikkei-asia.md) | +10.0% | +8.7% |

## Sources

- thestatesman.com: https://www.thestatesman.com/india/amid-surplus-yield-india-export-wheat-g2g-basis-1502876366.html

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