Loading…
India has ruled out lifting its wheat export ban this year and is considering stockholding limits to contain prices. Wheat procurement for the season is estimated at around 27 million tonnes, with major contributions from Punjab, Haryana and Madhya Pradesh.
Keeping wheat off the export market removes a major supply source and supports world wheat prices, while stockholding limits signal tight domestic supply.
financialexpress.comSandip DasMay 5, 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.
