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FCI reported that foodgrain losses in its godowns over three years were small, at 0.027, 0.05 and 0.02 lakh tonnes for 2017-18 to 2019-20. A minister told the Lok Sabha that no wheat or non-basmati rice was exported from central pool stocks in the past year or so.
A strategic reserve of 20 lakh tonnes of rice and 30 lakh tonnes of wheat is held for drought contingencies.
Small reported storage losses and a sizeable government reserve suggest Indian grain supply remains ample, with no export outflows from state stocks to tighten world wheat or rice prices.
udaipurkiran.comBhupendra Singh ChundawatSep 21, 2020After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
