Loading…
An analysis piece on India's wheat procurement says the government pegged 2017-18 wheat output at 97.11 million tonnes, below last year's record. It notes a 32 mt procurement target and a higher MSP with state bonuses.
Procurement pressure and a supportive MSP could firm Indian domestic wheat prices, reducing export availability and modestly supporting world wheat prices.
swarajyamag.comM R SubramaniMar 13, 2018After 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.
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.
