# Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India

> The Indian government will resume open-market sales of FCI wheat from August to restrain prices, with a minimum bulk price of Rs 2,325 per quintal, below the prevailing Rs 2,400. Officials are also considering lifting the ban on some non-basmati rice exports after demands from exporters. FCI holds 289 lakh tonnes of wheat, and officials say enough will remain for market operations after public distribution needs are met.

- Date: 2024-07-10 · published 2024-07-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Wheat sales from government stocks add supply and put downward pressure on domestic prices. A rice export ban lift would also add supply to world markets.

## Read by commodity

- RICE: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2025-03-07 | [India allows exports of broken rice to cut stockpiles](https://feedsoft.ai/events/25548-india-allows-exports-of-broken-rice-to-cut-stockpiles.md) | +4.9% | +1.4% |
| RICE | 2024-10-23 | [Non-basmati rice \| Government removes minimum export price on overseas shipments of non-basmati white rice - Telegraph India](https://feedsoft.ai/events/27800-non-basmati-rice-government-removes-minimum-export-price-on-overseas-shipments.md) | -1.2% | -0.2% |
| RICE | 2022-12-09 | [India's ban on rice and wheat exports has been a failure - Nikkei Asia](https://feedsoft.ai/events/38198-india-s-ban-on-rice-and-wheat-exports-has-been-a-failure-nikkei-asia.md) | -0.7% | +5.3% |
| RICE | 2025-03-07 | [India lifts ban on 100% broken white rice exports \| S&P Global](https://feedsoft.ai/events/25550-india-lifts-ban-on-100-broken-white-rice-exports-s-and-p-global.md) | +4.9% | +1.4% |
| RICE | 2023-01-09 | [India considers lifting rice export curbs as supply improves \| The Straits Times](https://feedsoft.ai/events/37763-india-considers-lifting-rice-export-curbs-as-supply-improves-the-straits-times.md) | +2.1% | +0.3% |
| WHEAT | 2023-01-26 | [India to release 3 mil mt wheat from government stocks to rein in prices \| S&P Global](https://feedsoft.ai/events/37760-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices-s-and.md) | +3.7% | +2.0% |
| WHEAT | 2026-07-26 | [Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban - The Economic Times](https://feedsoft.ai/events/18287-global-wheat-rally-revives-india-s-export-prospects-as-government-allows-5.md) | -2.4% | +2.9% |
| WHEAT | 2026-10-20 | [Government lifts ban on wheat exports, cites farmers’ interests amid depressed local prices – Waqt Di Awaz](https://feedsoft.ai/events/17085-government-lifts-ban-on-wheat-exports-cites-farmers-interests-amid-depressed.md) | -0.7% | — |

## Sources

- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/business/india-business/government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban-in-rice-exports/articleshow/111641030.cms
- timesofindia.indiatimes.com: https://timesofindia.indiatimes.com/india/government-to-resume-wheat-sale-will-consider-lifting-rice-export-ban/articleshow/111644569.cms

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.