# Wheat prices to remain range-bound - The HinduBusinessLine

> India is heading toward a third consecutive record wheat harvest of about 100 million tonnes for 2018-19, aided by favourable weather. Government stocks in the central pool stood at 45.83 MMT as of July 1, well above the 30 MMT strategic reserve requirement.

- Date: 2019-08-11 · published 2019-08-11T12:00:00.000Z
- Category: report · region India · magnitude low
- Page: https://feedsoft.ai/events/57542-wheat-prices-to-remain-range-bound-the-hindubusinessline
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Ample domestic supply and large government stocks suggest Indian wheat prices will stay range-bound, limiting import demand and export pull on global wheat prices.

## Read by commodity

- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2025-01-18 | [Global wheat prices seen under pressure on record output - The HinduBusinessLine](https://feedsoft.ai/events/26545-global-wheat-prices-seen-under-pressure-on-record-output-the-hindubusinessline.md) | -0.0% | +4.0% |
| WHEAT | 2017-01-31 | [Farm sector projected to grow at 4% in 2016-17 - The HinduBusinessLine](https://feedsoft.ai/events/72969-farm-sector-projected-to-grow-at-4-in-2016-17-the-hindubusinessline.md) | +3.8% | +2.5% |
| WHEAT | 2023-10-27 | [Why Wheat Prices are Due for a Rebound](https://feedsoft.ai/events/33648-why-wheat-prices-are-due-for-a-rebound.md) | +2.0% | +1.2% |
| WHEAT | 2017-01-18 | [US wheat stocks to remain high \| VIC](https://feedsoft.ai/events/72944-us-wheat-stocks-to-remain-high-vic.md) | -1.3% | +4.2% |
| WHEAT | 2019-04-22 | [Low wheat prices predicted for the next 10-years](https://feedsoft.ai/events/59627-low-wheat-prices-predicted-for-the-next-10-years.md) | -1.0% | -10.6% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/todays-paper/tp-investmentworld/article28987451.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.