Food export bans, from India to Argentina, risk fueling inflation

After 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.

• May 1, 2024India unlikely to lift ban on export of food items | India News+2.2%
• Nov 15, 2025With inflation at record low of 0.3%, food ministry proposes lifting of export ban on wheat products | India News - The Times of India+1.7%
• May 21, 2025Food inflation in mind, Centre holds off wheat export ban rollbac k ahead of polls, festivals | Today News-0.4%
• Apr 12, 2024Export bans, restrictions: How government is trying to keep food prices in check ahead of elections-0.7%
• Jan 3, 2024Argentina farm exports halved in 2023-1.9%

After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.

• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+3.4%
• Apr 22, 2022Indonesia bans palm oil exports as global food inflation spikes+3.2%
• Mar 20, 2022Argentina raises export duties on soybean oil and flour from 31 to 33% - Infobae+3.4%
• May 20, 2022Argentine President touts tax hikes to curb food inflation, lacks Congress support-0.4%
• Dec 1, 2020Argentina to Tax Grain Exports | Feed & Grain+2.6%

After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.

• Mar 19, 2022Argentina hikes export tax on soy oil, meal to 33% to combat inflation+1.4%
• Mar 20, 2022Argentina raises export duties on soybean oil and flour from 31 to 33% - Infobae+1.4%
• May 20, 2022Argentine President touts tax hikes to curb food inflation, lacks Congress support+1.1%
• Dec 1, 2020Argentina to Tax Grain Exports | Feed & Grain-1.7%
• Mar 14, 2022Argentina halts export registration for soy oil, meal | Reuters-1.7%