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Bangladesh Secures 200,000+ Tonnes of Indian Wheat Amid Black Sea Supply Crunch
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Moneycontrol•24-09-2026, 07:45
Bangladesh Secures 200,000+ Tonnes of Indian Wheat Amid Black Sea Supply Crunch
- •Bangladeshi importers have booked over 200,000 tonnes of Indian wheat, marking the first substantial purchases from India since 2022, following India's removal of export restrictions in late August.
- •The purchases come as disruptions to Black Sea grain shipments have driven up prices, impacting Bangladesh, which imports over 7 million tonnes of wheat annually.
- •Before India's export restrictions in May 2022, Bangladesh sourced nearly 70% of its wheat from India; afterward, it diversified to suppliers including Argentina, Canada, Russia, and Ukraine, with about 40% from the Black Sea region.
- •Most of the newly booked Indian wheat is expected to arrive by rail, with delivered prices ranging from $305 to $326 per tonne; Sri Lankan importers also recently bought Indian wheat at around $325 per tonne.
- •India had restricted wheat exports in May 2022 due to domestic supply concerns but changed its export policy to ‘free’ on August 24, 2023, after allowing 5 million tonnes of exports earlier in the year.
Key Questions Answered
Bangladeshi importers have booked more than 200,000 tonnes of Indian wheat since India removed its export restrictions in late August.
India restricted wheat exports back in May 2022 due to domestic supply and price concerns, later allowing 2.5 million tonnes in February 2026 and another 2.5 million tonnes in April before changing the policy to free on August 24, 2026.
Most of the newly booked Indian wheat is expected to reach Bangladesh primarily by rail.
