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An Indian Express editorial notes that wheat and rice output and paddy acreage have fallen, with paddy planting 16.1 percent lower than a year earlier. It says India's wheat stocks are the lowest in 14 years for this date, and it urges policy measures to restore planting.
Lower Indian wheat and rice stocks and planting could tighten global supply and support prices if export restrictions expand.
indianexpress.comEditorialJul 6, 2022After 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.
After 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.
