New Delhi, March 8 -- The conflict in West Asia may stall India's return to the global wheat market, just as the rabi harvest is set to hit markets later this month. The development marks a setback for farmers and traders in the world's second-largest producer, which has reopened exports after nearly four years of restrictions.

Uncertainty in shipping logistics is affecting forward deals with importing countries as well as procurement plans with farmers. Exporters are wary of committing to large shipments, given that freight rates remain volatile and vessel schedules uncertain. The development assumes significance given that India's wheat production this financial year is expected to reach a record 120 million tonnes.

"With the crisis i...