Indian exporters have resumed wheat shipments after a four-year hiatus. According to trade sources, adequate domestic stocks, high global wheat prices, and strong freight rates have created an opportunity to send small consignments to buyers in Asia and the Middle East. Sources said a major consumer goods company has started loading 22,000 tons of wheat at the western Kandla port for shipment to the United Arab Emirates. The sources requested anonymity as they are not authorized to speak to the media, and the company has not provided an immediate comment on the matter. India, the world’s second-largest wheat producer after China, has permitted exports this year and lifted the restrictions imposed on international sales in 2022. Previously, these restrictions were extended in 2023 and 2024 due to crop damage caused by extreme heat and reduced stocks. Domestic wheat prices had surged to record highs, raising concerns that India might need to import wheat for the first time since 2017. Last year, favorable weather led to bumper wheat production, easing import concerns. This allowed the government to replenish its depleted stocks and gain confidence to authorize exports. Earlier this year, the Prime Minister approved the export of 2.5 million tons of wheat, followed by permission for an additional 2.5 million tons at the end of last month. Despite export permissions, low global wheat prices and high domestic rates initially deterred exporters from making deals. Trade sources now say that rising freight costs due to the conflict in Iran have prompted buyers with urgent needs to turn to India. The deal to export 22,000 tons to the UAE was reportedly concluded at around $275 per ton on an FOB (Free on Board) basis. Although this marks the first export deal in four years, a significant surge in India’s wheat exports is unlikely. Recent crop quality issues have pushed domestic prices higher, making Indian wheat more expensive than wheat from Australia or the Black Sea region. Wheat export prices from Australia and the Black Sea region are around $290–300 per ton, including costs, insurance, and freight. Consequently, Indian wheat is roughly $20 per ton more expensive in global markets. Only buyers facing immediate supply shortages are likely to opt for Indian wheat, while those with sufficient stocks from Australia, Argentina, or the Black Sea may find it less attractive. Trade sources noted that importers with urgent, short-term needs and those requiring shipments within 30–45 days are the most probable buyers of Indian wheat.