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India's government says its export ban on wheat and broken rice will continue because domestic wheat prices are rising and grain is needed for domestic supply. Officials say the ban may last through this year if stocks do not improve.
A free food grain scheme will get an extra subsidy of about Rs 14,000 crore.
Continued Indian restrictions keep a major exporter's wheat and broken rice off world markets, which supports international prices and tightens feed grain supply.
cnbctv18.comSapna DasJan 20, 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.
After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
