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Business Standard reports that a DGFT notification restricts exports of wheat flour and related products such as maida, rava and atta from July 12. Exporters need prior permission from an inter-ministerial committee, though no outright ban applies.
Mandatory approvals for wheat products reduce the volume India can ship, supporting global wheat prices.
business-standard.comSanjeeb MukherjeeJul 7, 2022After 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.
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.
