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India revised its wheat stock limits until March 31, 2025, cutting the trader and wholesaler limit from 1,000 MT to 250 MT. The government cited a Rabi 2024 procurement of 1,132 LMT and ample availability.
Tighter stock limits force traders to release wheat to the market, which adds supply and is mildly bearish for Indian wheat prices.
After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.