# Why India is trying to tame rising wheat prices

> Indian officials are considering measures to boost domestic wheat supplies and cool local prices, which had surged to six-month highs. Trade and industry officials suggest this year's crop may be below the government's record estimate of 112.74 million tonnes. Food inflation is a political concern ahead of next year's general election.

- Date: 2023-08-15 · published 2023-08-15T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/34534-why-india-is-trying-to-tame-rising-wheat-prices
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible Indian policy moves to add wheat supply, such as scrapping the import tariff, could affect global trade flows. A lower domestic crop than estimated would also support wheat prices.

## Read by commodity

- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-06-12 | [India imposes wheat stock limit to arrest price rise](https://feedsoft.ai/events/35453-india-imposes-wheat-stock-limit-to-arrest-price-rise.md) | +1.1% | +0.2% |
| 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 | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -0.2% | -10.7% |
| WHEAT | 2023-02-12 | [India likely to continue curbs on wheat, rice exports \| India News](https://feedsoft.ai/events/37311-india-likely-to-continue-curbs-on-wheat-rice-exports-india-news.md) | -3.2% | -9.2% |
| WHEAT | 2022-11-10 | [Soaring wheat prices in India likely to prompt price-cooling measures: Govt \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/38633-soaring-wheat-prices-in-india-likely-to-prompt-price-cooling-measures-govt.md) | +1.3% | -8.6% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/why-india-is-trying-to-tame-rising-wheat-prices/

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