# India has sufficient stocks of grains, could sell wheat in open market

> India says it has sufficient grain stocks and could sell wheat on the open market. The report recounts the earlier wheat export ban and the subsequent rice export restrictions.

- Date: 2022-10-18 · published 2022-10-18T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/39078-india-has-sufficient-stocks-of-grains-could-sell-wheat-in-open-market
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Possible open-market wheat sales would add supply to the market, but the scale is unclear, so the impact on prices is limited.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-09-16 | [Why low stocks of rice, wheat and sugar shouldn’t push India to curb exports \| The Indian Express](https://feedsoft.ai/events/39563-why-low-stocks-of-rice-wheat-and-sugar-shouldn-t-push-india-to-curb-exports-the.md) | +5.9% | -8.9% |
| WHEAT | 2024-06-24 | [India imposes limits on wheat stocks, may turn to imports if required](https://feedsoft.ai/events/29726-india-imposes-limits-on-wheat-stocks-may-turn-to-imports-if-required.md) | -6.8% | -2.9% |
| WHEAT | 2021-01-26 | [Sask Wheat says grain markets are uncertain this week \| 620 CKRM - The Voice of Saskatchewan \| Harvard Media](https://feedsoft.ai/events/49179-sask-wheat-says-grain-markets-are-uncertain-this-week-620-ckrm-the-voice-of.md) | -9.4% | -0.2% |
| WHEAT | 2020-04-02 | [Analyst Insight: What is the risk of intervention in global grain markets? \| AHDB](https://feedsoft.ai/events/53718-analyst-insight-what-is-the-risk-of-intervention-in-global-grain-markets-ahdb.md) | +2.1% | -0.7% |
| WHEAT | 2018-09-11 | [Wheat still ‘Russian’ out the ports - Grain Central](https://feedsoft.ai/events/62872-wheat-still-russian-out-the-ports-grain-central.md) | -7.4% | -7.0% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/india-could-sell-wheat-open-market-control-prices-says-official-2022-10-17/

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