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India banned onion exports until March and sharply lowered stock limits for wheat wholesalers, retailers and processors. The government aims to curb rising food prices before the general election.
Wheat stock limits and onion export bans signal further Indian intervention that can tighten global supply and lift prices for importers.
livemint.comPuja DasDec 8, 2023After 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.
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.
