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NITI Aayog has asked authorities to increase food grain exports to address stock build-up of wheat and rice. It cites total cereal stocks of 561.93 lakh tonnes in February and a plan to export at least 25% of production.
Proposed export expansion from large Indian cereal stocks would add supply to global markets and weigh on rice and wheat prices, though it is only a suggestion.
foodinfotech.comShashank GauravMar 10, 2021After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
