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India's government said its wheat export ban will continue while domestic supplies are uncertain. FCI said unseasonal rains have not affected output, which is projected at a record 112 million tonnes.
It also said procurement has started at minimum support prices.
A continued Indian export ban keeps a major wheat supplier off world markets, supporting global wheat prices. A record Indian crop would ease that pressure over time.
ukragroconsult.comMar 30, 2023After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.
