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Piyush Goyal said India's paddy procurement is well on target and sufficient rice stocks exist for the current year. He said wheat procurement has been slightly delayed by unseasonal rain, and there are no current plans to review the wheat export ban, which remains restricted except for government-to-government deals.
Ample Indian rice stocks and an unchanged wheat export ban reduce the chance of near-term export tightness or new supply shocks in rice and wheat markets.
outlookbusiness.comPress Trust of IndiaApr 12, 2023After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
