India's Food Corporation will sell 3 million tonnes of wheat from government stocks onto the domestic market over two months to curb rising prices. Domestic wheat prices have risen more than 35% year on year after a smaller harvest.
Government wheat stocks are about 3.4 million tonnes above the required buffer.
Releasing state wheat stocks adds domestic supply and should ease local prices, which reduces India's need for imports and export demand pressure on world wheat.
Setelah 122 peristiwa kebijakan bearish sebelumnya, WHEAT 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.