
Indian food stocks, procurement, PDS offtake and foodgrain exports reached multi-year highs over the past year during the Covid-19 pandemic. Record government warehouse stocks of rice and wheat underpin the export surge.
Large Indian public grain stocks add ample supply that caps global rice and wheat prices, while record exports reflect strong outbound demand.
After 50 past neutral report events, Rough Rice moved a median -0.0% over 5 sessions (50% higher; middle half -1.9% to +1.5%), and -1.2% over 20.
After 406 past neutral report events, Wheat (SRW) moved a median -0.2% over 5 sessions (47% higher; middle half -1.6% to +1.5%), and +0.0% 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.