India set to double wheat, flour export quota to tap global price spurt
Mint·1h ago·Positivity
What Happened
India is doubling wheat export quotas from 2.5 million tonnes to 5.5 million tonnes, and flour products from 0.5 million tonnes to 1 million tonnes. The decision follows a record estimated harvest of 120 million tonnes this season and stable domestic prices. Global food prices have risen 2.4% in March. India reopened wheat exports in February 2026 after a four-year ban. The move aims to help farmers gain from higher global prices while maintaining domestic food security.
Key Entities
IndiaWheat exportsConsumer Affairs Ministry120 million tonnes harvestWest Asia warBangladeshGlobal food pricesFAO