The South Asian country banned exports of wheat and broken rice in 2022 to lower local prices.

About one-third of China's wheat is grown in Henan province, earning it the nickname the granary of China.

China's winter wheat accounts for the majority of the country's annual wheat output.

India plans to buy 34.15 million tonnes of wheat from local farmers to shore up state reserves after purchases dropped 53% last year to 18.8 million tonnes because of a poor harvest.

India imposed a ban in May last year, within days of promising to supply large quantities of the grain to a host of countries reeling from sky-high prices and severe shortages of the staple.

The South Asian country, among importers hit by disruption to Ukrainian and Russian grain exports, has been exploring ways to import the grain since its biggest supplier India banned export of the grain in May.

Flour exporters will need to seek prior government approval to maintain quality and stabilise domestic prices. 

The supply deal with Russia, the world's biggest wheat exporter, could help Dhaka in meeting its needs below the elevated global prices Wv1, industry officials say.

Cities across China have introduced hundreds of property easing measures this year to revive a sector that accounts for a quarter of the world's second-largest economy's overall output.

Concerns are mounting over grain stuck in Ukrainian ports.

India, the world's second-largest grower of wheat, ordered that traders could not enter into new export deals without government approval.