# Centre rejigging foodgrain inventory management

> India's government is reportedly overhauling foodgrain inventory management to remove scenarios where public stockholdings would have to be exported. The move aims to reassure WTO members worried that surplus grain from food security stocks could be sold abroad at subsidised prices ahead of WTO talks in December.

- Date: 2017-08-19 · published 2017-08-19T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/69407-centre-rejigging-foodgrain-inventory-management
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Reducing the likelihood of Indian public-stock exports removes a potential source of cheap rice and wheat supply on world markets, which is mildly supportive for export prices of these grains.

## Read by commodity

- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-06-11 | [Centre may extend sops for exporters](https://feedsoft.ai/events/70443-centre-may-extend-sops-for-exporters.md) | +0.7% | +3.8% |
| RICE | 2023-10-19 | [Steps in place to check price rise during festival season: Centre - The Hindu](https://feedsoft.ai/events/33577-steps-in-place-to-check-price-rise-during-festival-season-centre-the-hindu.md) | +1.6% | +6.8% |
| RICE | 2022-05-27 | [Centre is monitoring India's rice stock: Concerns rise over an export ban \| Times Now](https://feedsoft.ai/events/41361-centre-is-monitoring-india-s-rice-stock-concerns-rise-over-an-export-ban-times.md) | -2.8% | -6.9% |
| RICE | 2018-07-11 | [Centre raises buying price, rice exports set to fall from October](https://feedsoft.ai/events/63990-centre-raises-buying-price-rice-exports-set-to-fall-from-october.md) | +1.7% | -7.6% |
| RICE | 2023-09-06 | [The Dual Mandate of Food Exporting States: India’s Roles in the Global Food Order \| RSIS](https://feedsoft.ai/events/34053-the-dual-mandate-of-food-exporting-states-india-s-roles-in-the-global-food.md) | -6.2% | -6.5% |
| WHEAT | 2021-02-05 | [Daily Market Wire 5 February 2021 - Grain Central](https://feedsoft.ai/events/9448-daily-market-wire-5-february-2021-grain-central.md) | +0.1% | +12.2% |
| WHEAT | 2019-12-24 | [Argentine government taxes farmers to fund spending - Grain Central](https://feedsoft.ai/events/55423-argentine-government-taxes-farmers-to-fund-spending-grain-central.md) | +0.6% | +2.7% |
| WHEAT | 2019-01-18 | [Grain market week in review – Jan. 18, 2019](https://feedsoft.ai/events/7655-grain-market-week-in-review-jan-18-2019.md) | +3.4% | +2.2% |

## Sources

- thehindu.com: https://www.thehindu.com/business/centre-rejigging-foodgrain-inventory-management/article19525439.ece

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