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India has resumed wheat exports after a four-year pause, allowing limited shipments as improved stocks and global supply dynamics create a narrow export window. However, relatively high domestic prices are expected to restrict broader demand, with only urgent buyers likely to turn to Indian supplies.

In an assessment for Miller Magazine, IGC Executive Director Arnaud Petit clarifies that while tensions around the Strait of Hormuz have heightened concerns over energy, freight and fertilizer markets, the disruption does not mirror the systemic grain supply shock seen in the Black Sea.