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India has lowered the limit on wheat stocks that traders and millers can hold, from 3,000 tons to 2,000 tons. The article also references earlier minimum export price changes for wheat and rice products.
Tighter stockholding limits are aimed at increasing market supply and easing domestic prices, with a modest effect on global wheat trade flows.
reuters.comSep 16, 2024After 137 past neutral policy events, WHEAT 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.
