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India's commerce minister Piyush Goyal said the ban on wheat exports will continue, citing the need to secure domestic supplies and contain inflation. He said wheat procurement has started and early purchases are satisfactory.
India banned wheat exports in May 2022.
A continued Indian export ban keeps a major wheat supplier out of world markets, which supports global wheat prices and tightens feed-grade wheat availability for importers.
indianexpress.comPTIApr 13, 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.
