
India's cabinet approved an expansion of its Public Distribution System, adding 2 kg of subsidized grains per person per month during the national lockdown. The government will also let states draw food grains from central stocks in advance.
Large state stockpiling and extra subsidized distribution absorb domestic wheat and rice supplies, reducing what is available for export and supporting Indian grain prices.
After 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.
After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), 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.