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Flour millers urged India to extend its wheat export ban, which has been in place since May 2022, to keep domestic prices low. The review is due next month.
The new harvest is starting to reach markets, and some farmers doubt the record crop forecast given recent heat.
A continued ban keeps Indian wheat out of export markets, supporting global wheat prices, while doubts about the crop add upside risk.
financialpost.comReutersMar 16, 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.
