Loading…
India's government is reviewing its May 2022 wheat export ban after discontinuing the free grain scheme PMGKAY at the end of December. Officials are checking central pool stocks and distribution needs under the National Food Security Act.
The measures are being taken in a calibrated way.
A possible easing of India's wheat export ban would add supply to world markets and pressure wheat prices lower.
indianexpress.comAanchal MagazineJan 7, 2023After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), 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.
