# India to extend free food grains programme by five years, says Modi | Reuters

> Prime Minister Modi announced that India will extend its free food grains programme by five years. Reuters reports that the government will need to keep export restrictions on wheat and rice in place for longer because it must buy grain for the programme.

- Date: 2023-11-04 · published 2023-11-04T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/33137-india-to-extend-free-food-grains-programme-by-five-years-says-modi-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Government procurement for the free grain scheme keeps domestic supply committed and extends export restrictions, which supports global wheat and rice prices.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-11-14 | [India Set to Resume Wheat Product Exports After Three Years - Bloomberg](https://feedsoft.ai/events/21914-india-set-to-resume-wheat-product-exports-after-three-years-bloomberg.md) | +1.4% | +1.0% |
| WHEAT | 2022-05-14 | [India says ban on wheat exports is to check unregulated trade \| Reuters](https://feedsoft.ai/events/41368-india-says-ban-on-wheat-exports-is-to-check-unregulated-trade-reuters.md) | +4.0% | -0.3% |
| WHEAT | 2024-05-31 | [India supplies only 3.7% of export restricted food commodities to countries committed two years ago \| Mint](https://feedsoft.ai/events/30204-india-supplies-only-3-7-of-export-restricted-food-commodities-to-countries.md) | -5.3% | -10.5% |
| WHEAT | 2022-08-26 | [India restricts wheat flour exports to bring down record prices \| Reuters](https://feedsoft.ai/events/39987-india-restricts-wheat-flour-exports-to-bring-down-record-prices-reuters.md) | +0.4% | +5.3% |
| WHEAT | 2022-05-16 | [India bans wheat exports as heat wave hurts crop, domestic prices soar \| Reuters](https://feedsoft.ai/events/41364-india-bans-wheat-exports-as-heat-wave-hurts-crop-domestic-prices-soar-reuters.md) | +4.0% | -0.3% |
| RICE | 2024-02-29 | [India's rice output to drop for the first time in 8 years, government says \| Reuters](https://feedsoft.ai/events/31607-india-s-rice-output-to-drop-for-the-first-time-in-8-years-government-says.md) | -2.2% | -7.6% |
| RICE | 2022-09-09 | [India's rice curbs to lift prices, stoke food inflation worries \| Reuters](https://feedsoft.ai/events/39561-india-s-rice-curbs-to-lift-prices-stoke-food-inflation-worries-reuters.md) | +5.0% | -0.5% |
| RICE | 2024-05-31 | [India supplies only 3.7% of export restricted food commodities to countries committed two years ago \| Mint](https://feedsoft.ai/events/30204-india-supplies-only-3-7-of-export-restricted-food-commodities-to-countries.md) | +2.4% | -4.9% |

## Sources

- reuters.com: https://www.reuters.com/world/india/india-extend-free-food-grains-programme-by-five-years-says-modi-2023-11-04/

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