Loading…
Business Standard reports that record Indian wheat exports have raised questions about central pool stocks if FY23 procurement falls short of target. Experts say the central pool would still exceed the 7.5 million tonne requirement even in a worst case, but traders warn stocks could tighten if free grain schemes extend beyond September with another Covid wave.
Concern about domestic stock levels could make India less willing to sell more wheat abroad, which would limit supply and support world prices. Experts consider the stock risk limited for now.
business-standard.comSanjeeb MukherjeeMar 30, 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.
