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Railways are resuming freight services in Punjab after a nearly two-month halt, allowing foodgrains to be shipped from godowns to other states. At least 35 rakes are expected to carry about 1 lakh tonnes of wheat and paddy on the first day.
Roughly 35 lakh tonnes of grain had been held up by the restrictions, which were imposed after farmers protesting farm laws blocked passenger trains.
Clearing the Punjab rail backlog reduces domestic grain logistics bottlenecks and eases pile-up pressure on local wheat and rice prices, though the shipments mainly move already-stored supply.
hindustantimes.comGurpreet Singh NibberNov 23, 2020After 137 past bearish logistics events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -2.2% to +1.0%), and +0.0% over 20.
After 49 past logistics events, Rough Rice moved a median -0.9% over 5 sessions (39% higher; middle half -2.6% to +1.1%), and +2.0% 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.
