# Relief for Centre, as rice, wheat, arhar, potato prices stable despite demonetisation - Commodities News | The Financial Express

> Retail prices of rice, wheat, arhar, potato and onion in major Indian cities have stayed largely stable since demonetisation. Wheat prices have edged up slightly as domestic stocks deplete, and the government cut wheat import duty from 25% to 10%.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/73830-relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Depleting Indian wheat stocks and the cut in import duty point to higher import demand, which supports international wheat prices. Stable rice prices indicate no immediate export pressure.

## Read by commodity

- RICE: neutral
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-12-30 | [Commodities 2021: Bullish expectations for 2021 Black Sea wheat prices \| S&P Global](https://feedsoft.ai/events/49512-commodities-2021-bullish-expectations-for-2021-black-sea-wheat-prices-s-and-p.md) | +5.0% | +11.6% |
| WHEAT | 2023-05-05 | [Lifting of ban on wheat export ruled out - Economy News \| The Financial Express](https://feedsoft.ai/events/35895-lifting-of-ban-on-wheat-export-ruled-out-economy-news-the-financial-express.md) | -1.9% | -5.2% |
| WHEAT | 2025-11-14 | [Food ministry recommends lifting over 3 years ban on wheat products export - Economy News \| The Financial Express](https://feedsoft.ai/events/21912-food-ministry-recommends-lifting-over-3-years-ban-on-wheat-products-export.md) | +1.4% | +1.0% |
| WHEAT | 2020-10-26 | [Russian wheat prices rise amid dry weather, high demand \| Financial Post](https://feedsoft.ai/events/50679-russian-wheat-prices-rise-amid-dry-weather-high-demand-financial-post.md) | -0.9% | -5.0% |
| 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% |
| RICE | 2017-08-07 | [FCI rice stocks balloon on export barrier, OMSS failure - India News \| The Financial Express](https://feedsoft.ai/events/69409-fci-rice-stocks-balloon-on-export-barrier-omss-failure-india-news-the-financial.md) | +1.3% | +2.7% |
| RICE | 2024-12-29 | [Food subsidy may surpass BE by Rs 20,000-crore - Economy News \| The Financial Express](https://feedsoft.ai/events/10458-food-subsidy-may-surpass-be-by-rs-20-000-crore-economy-news-the-financial.md) | +0.7% | +3.2% |
| RICE | 2017-07-19 | [Preventive trade policies restrict export of key agri commodities: stu](https://feedsoft.ai/events/69947-preventive-trade-policies-restrict-export-of-key-agri-commodities-stu.md) | +3.7% | +3.2% |

## Sources

- prelaunch.financialexpress.com: https://prelaunch.financialexpress.com/market/relief-for-centre-as-rice-wheat-arhar-potato-prices-stable-despite-demonetisation/458665/

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