India's government said it will offload 3 million tonnes of wheat through the Open Market Sale Scheme and sales to state governments and cooperatives to cool rising wheat and atta prices. The reply to Parliament also recounted earlier curbs, including the May 2022 wheat export ban and 20% duty on non-basmati rice.
Releasing state stocks adds domestic wheat supply, which should ease Indian flour and wheat prices. Continued export restrictions keep Indian supply out of world markets, which supports international wheat prices.
Setelah 122 peristiwa kebijakan bearish sebelumnya, Gandum (SRW) bergerak median -0,3% selama 5 sesi (44% lebih tinggi; separuh tengah -1,9% sampai +1,2%), dan +0,4% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.