# Express View on wheat procurement: Relief amid fear of inflation, poor monsoon | The Indian Express

> Indian government wheat procurement reached 20.5 million tonnes in the rabi marketing season, already above the prior season's total. Opening wheat stocks were 8.3 million mt, the lowest in six years but above the 7.5 million mt minimum. An editorial also flags El Nino risk to the coming monsoon and kharif rice output.

- Date: 2023-04-29 · published 2023-04-29T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/36371-express-view-on-wheat-procurement-relief-amid-fear-of-inflation-poor-monsoon
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Stronger procurement and a better crop reduce pressure on Indian domestic wheat supply, while El Nino risk to the monsoon could later tighten rice supplies.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2021-09-18 | [What does the Situation Assessment Survey Say about MSP and Procurement Operations? - FAS - Foundation for Agrarian Studies](https://feedsoft.ai/events/45159-what-does-the-situation-assessment-survey-say-about-msp-and-procurement.md) | +0.9% | +0.5% |
| RICE | 2020-02-19 | [Foodgrains at all-time high, pressure on procurement](https://feedsoft.ai/events/54546-foodgrains-at-all-time-high-pressure-on-procurement.md) | -0.5% | +3.9% |
| RICE | 2021-06-13 | [Explained: In Covid-19 pandemic, here are four food records \| Explained News - The Indian Express](https://feedsoft.ai/events/46515-explained-in-covid-19-pandemic-here-are-four-food-records-explained-news-the.md) | -1.9% | -1.5% |
| RICE | 2021-05-25 | [Indian farmers expect to harvest record wheat, rice crops this year](https://feedsoft.ai/events/47052-indian-farmers-expect-to-harvest-record-wheat-rice-crops-this-year.md) | +1.0% | +0.0% |
| RICE | 2019-01-28 | [Record foodgrain production, procurement in 2018-19: Paswan](https://feedsoft.ai/events/61067-record-foodgrain-production-procurement-in-2018-19-paswan.md) | -0.2% | -5.3% |
| WHEAT | 2025-04-06 | [US agency projects India’s wheat output at record 115 MT - Economy News \| The Financial Express](https://feedsoft.ai/events/25058-us-agency-projects-india-s-wheat-output-at-record-115-mt-economy-news-the.md) | +0.1% | +4.5% |
| WHEAT | 2023-04-14 | [Australian farmers headed for one of their best production and export years — MercoPress](https://feedsoft.ai/events/36375-australian-farmers-headed-for-one-of-their-best-production-and-export-years.md) | +8.4% | -1.3% |
| WHEAT | 2020-02-19 | [Foodgrains at all-time high, pressure on procurement](https://feedsoft.ai/events/54546-foodgrains-at-all-time-high-pressure-on-procurement.md) | -1.6% | -0.8% |

## Sources

- indianexpress.com: https://indianexpress.com/article/opinion/editorials/express-view-on-wheat-procurement-relief-amid-fear-of-inflation-poor-monsoon-8581873/

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