# Paddy Procurement Is Well On Target: Piyush Goyal – Outlook Business

> 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.

- Date: 2023-04-12 · published 2023-04-12T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/36369-paddy-procurement-is-well-on-target-piyush-goyal-outlook-business
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2024-01-13 | [No proposal to lift export curbs on wheat, rice, sugar, says Piyush Goyal \| Agriculture - Business Standard](https://feedsoft.ai/events/32107-no-proposal-to-lift-export-curbs-on-wheat-rice-sugar-says-piyush-goyal.md) | +1.9% | +8.1% |
| RICE | 2022-05-31 | [Government Has No Plans To Ban Rice Exports, Says Official – Outlook Business](https://feedsoft.ai/events/41475-government-has-no-plans-to-ban-rice-exports-says-official-outlook-business.md) | -1.4% | -7.2% |
| RICE | 2026-01-04 | [Proposed RICE Act impact seen dependent on NFA procurement - BusinessWorld Online](https://feedsoft.ai/events/9173-proposed-rice-act-impact-seen-dependent-on-nfa-procurement-businessworld-online.md) | +6.1% | +18.2% |
| RICE | 2017-07-28 | [Rice Procurement Target & Export issue with Europe - Mundus Agri](https://feedsoft.ai/events/69949-rice-procurement-target-and-export-issue-with-europe-mundus-agri.md) | +0.6% | +0.4% |
| RICE | 2018-12-07 | [Is govt's $60 billion agri exports target feasible? - Rediff.com Business](https://feedsoft.ai/events/61538-is-govt-s-60-billion-agri-exports-target-feasible-rediff-com-business.md) | -3.5% | -3.9% |
| WHEAT | 2024-01-13 | [No proposal to lift export curbs on wheat, rice, sugar, says Piyush Goyal \| Agriculture - Business Standard](https://feedsoft.ai/events/32107-no-proposal-to-lift-export-curbs-on-wheat-rice-sugar-says-piyush-goyal.md) | +0.9% | -1.1% |
| WHEAT | 2025-04-27 | [India to not allow wheat export even if govt procurement exceeds target - The HinduBusinessLine](https://feedsoft.ai/events/25055-india-to-not-allow-wheat-export-even-if-govt-procurement-exceeds-target-the.md) | -0.9% | -4.3% |
| WHEAT | 2023-04-13 | [Wheat export ban to continue for now: Piyush Goyal \| Business News - The Indian Express](https://feedsoft.ai/events/36362-wheat-export-ban-to-continue-for-now-piyush-goyal-business-news-the-indian.md) | +8.4% | -1.2% |

## Sources

- outlookbusiness.com: https://www.outlookbusiness.com/news/paddy-procurement-is-well-on-target-piyush-goyal-news-277773

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