# India to release 3 mil mt wheat from government stocks to rein in prices | S&P Global

> India's Food Corporation will sell 3 million tonnes of wheat from government stocks onto the domestic market over two months to curb rising prices. Domestic wheat prices have risen more than 35% year on year after a smaller harvest. Government wheat stocks are about 3.4 million tonnes above the required buffer.

- Date: 2023-01-26 · published 2023-01-26T12:00:00.000Z
- Category: policy · region India · magnitude medium
- Page: https://feedsoft.ai/events/37760-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices-s-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Releasing state wheat stocks adds domestic supply and should ease local prices, which reduces India's need for imports and export demand pressure on world wheat.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-07-10 | [Government to resume wheat sale from FCI stock; may take a call on lifting ban in rice exports - Times of India](https://feedsoft.ai/events/29224-government-to-resume-wheat-sale-from-fci-stock-may-take-a-call-on-lifting-ban.md) | -4.1% | -2.7% |
| WHEAT | 2026-07-26 | [Global wheat rally revives India's export prospects as government allows 5 million tonnes of wheat exports after a four-year ban - The Economic Times](https://feedsoft.ai/events/18287-global-wheat-rally-revives-india-s-export-prospects-as-government-allows-5.md) | -2.4% | +2.9% |
| WHEAT | 2019-05-13 | [FCI Has Too Much Wheat: Either It Must Revise Prices, Or Auction Stocks](https://feedsoft.ai/events/59032-fci-has-too-much-wheat-either-it-must-revise-prices-or-auction-stocks.md) | -0.4% | +4.7% |
| WHEAT | 2017-11-10 | [India's wheat import tariff weighs on prices for Black](https://feedsoft.ai/events/67961-india-s-wheat-import-tariff-weighs-on-prices-for-black.md) | +0.9% | +1.0% |
| WHEAT | 2026-02-13 | [India Relaxes Wheat Export Curbs to Appease Protesting Farmers - Bloomberg](https://feedsoft.ai/events/20582-india-relaxes-wheat-export-curbs-to-appease-protesting-farmers-bloomberg.md) | +0.9% | +4.0% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/agriculture/012623-india-to-release-3-mil-mt-wheat-from-government-stocks-to-rein-in-prices

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