# Press Release:Press Information Bureau

> India's government said it will offload 3 million tonnes of wheat through the Open Market Sale Scheme and sales to state governments and cooperatives to cool rising wheat and atta prices. The reply to Parliament also recounted earlier curbs, including the May 2022 wheat export ban and 20% duty on non-basmati rice.

- Date: 2023-02-10 · published 2023-02-10T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/37309-press-release-press-information-bureau
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Releasing state stocks adds domestic wheat supply, which should ease Indian flour and wheat prices. Continued export restrictions keep Indian supply out of world markets, which supports international wheat prices.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-02-20 | [Press Release:Press Information Bureau](https://feedsoft.ai/events/26016-press-release-press-information-bureau.md) | -0.5% | +0.6% |
| WHEAT | 2026-02-13 | [Press Release Page \| Press Information Bureau](https://feedsoft.ai/events/20576-press-release-page-press-information-bureau.md) | +0.9% | +4.0% |
| WHEAT | 2026-04-20 | [Press Release Page \| Press Information Bureau](https://feedsoft.ai/events/19698-press-release-page-press-information-bureau.md) | -0.3% | +0.0% |
| WHEAT | 2017-10-09 | [Surplus Wheat production resulting in heavy losses](https://feedsoft.ai/events/68437-surplus-wheat-production-resulting-in-heavy-losses.md) | +4.9% | +0.5% |
| WHEAT | 2019-02-25 | [Regulating for Globalization](https://feedsoft.ai/events/60549-regulating-for-globalization.md) | -3.6% | +0.5% |

## Sources

- pib.gov.in: https://www.pib.gov.in/PressReleasePage.aspx?PRID=1897934

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