The wheat export price in India is influenced by a number of key factors including: global demand, the grade of wheat being exported, and government policy.Over the past few years, India has become an active competitor in the world wheat market with competitive prices.The average price at which wheat is sold for export from India is currently $250 to $320 for one metric tonne, though this price varies frequently depending on domestic supply and conditions in the international market.At times, the Indian government has enacted restrictions on the exportation of wheat as a means of controlling inflation and ensuring food security, and at the same time, those restrictions are likely to have a direct impact on the pricing of wheat for export.
Key Points on Export Prices of Wheat from India:
- Average Export Price $250 – $320 per metric tonne
- Domestic Market Price (India) ₹2,200 – ₹2,800 per quintal.
Export Restrictions: the Government can impose an export ban or limit on exports of wheat from India due to a lack of supply (that is, when supply falls below demand).Quality / High Quality Wheat: Higher quality wheat will be sold for a higher price in international markets compared to average quality wheat.