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India's DGFT issued Trade Notice 09/2023 setting out the procedure for allocating wheat export quotas on humanitarian and food security grounds. Allocation is pro-rata based on past exports, with a 100 MT minimum by land to neighbouring countries.
The quota procedure formalises limited Indian wheat exports, a modest supply outflow that is small relative to tight domestic availability.
taxguru.inEditor4Jun 20, 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.
