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India's government is not planning to lift its ban on food exports, including wheat, according to two officials. Officials cite continued food inflation risks and a priority on domestic consumption, and state-run grain reserves recently hit a 16-year low.
A continued Indian wheat export ban keeps a major potential supplier off world markets, supporting global wheat prices and reducing the buffer for importers.
hindustantimes.comZia HaqMay 1, 2024After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% over 20.
After 37 past bullish policy events, Wheat (HRW) moved a median -0.1% over 5 sessions (41% higher; middle half -3.4% to +2.0%), and -3.3% 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.
