# Against the grain: Throwing caution to the winds | India News - The Indian Express

> The Modi government has raised paddy and wheat support prices in its final year, with the back-loaded hikes now larger than under the previous government. Analysts say the increases are aimed at farmers ahead of national elections next year.

- Date: 2018-07-04 · published 2018-07-04T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/63994-against-the-grain-throwing-caution-to-the-winds-india-news-the-indian-express
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher procurement prices raise Indian rice and wheat production costs and floor prices, supporting export parity and world grain prices over time.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-09-11 | [What government curbs on exporting rice mean for India and the world \| Explained News - The Indian Express](https://feedsoft.ai/events/39668-what-government-curbs-on-exporting-rice-mean-for-india-and-the-world-explained.md) | +2.9% | -2.9% |
| RICE | 2018-07-14 | [MSP increase could hit non-basmati rice exports \| India News - The Indian Express](https://feedsoft.ai/events/64101-msp-increase-could-hit-non-basmati-rice-exports-india-news-the-indian-express.md) | +1.0% | -10.7% |
| RICE | 2022-09-12 | [Why several Asian economies brought in agri export curbs in 2022 \| Explained News - The Indian Express](https://feedsoft.ai/events/39560-why-several-asian-economies-brought-in-agri-export-curbs-in-2022-explained-news.md) | +2.9% | -2.9% |
| RICE | 2020-04-01 | [Food security fears are starting to threaten Asian rice exports \| coronavirus outbreak News - The Indian Express](https://feedsoft.ai/events/53619-food-security-fears-are-starting-to-threaten-asian-rice-exports-coronavirus.md) | +2.2% | +28.3% |
| RICE | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -1.5% | -6.5% |
| WHEAT | 2023-04-13 | [Wheat export ban to continue for now: Piyush Goyal \| Business News - The Indian Express](https://feedsoft.ai/events/36362-wheat-export-ban-to-continue-for-now-piyush-goyal-business-news-the-indian.md) | +8.4% | -1.2% |
| WHEAT | 2020-04-01 | [Food security fears are starting to threaten Asian rice exports \| coronavirus outbreak News - The Indian Express](https://feedsoft.ai/events/53619-food-security-fears-are-starting-to-threaten-asian-rice-exports-coronavirus.md) | +1.6% | -1.6% |
| WHEAT | 2022-09-22 | [India defends its decision to ban rice, wheat exports at WTO - The Hindu](https://feedsoft.ai/events/39558-india-defends-its-decision-to-ban-rice-wheat-exports-at-wto-the-hindu.md) | -0.2% | -10.7% |

## Sources

- indianexpress.com: https://indianexpress.com/article/india/centres-msp-hike-on-kharif-crops-against-the-grain-throwing-caution-to-the-winds-5246087/

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