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India's food subsidy spending for FY25 may reach Rs 2.25 lakh crore, about Rs 20,000 crore above the budget estimate. The increase reflects higher storage costs for stocks of 58.62 million tonnes held by the FCI and higher MSP for wheat and rice.
Large Indian rice and wheat stockpiles and rising support prices point to continued government stock management, which can influence export policy and global grain prices.
financialexpress.comSandip DasDec 29, 2024After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
