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India rejected claims by the US-led group, including Argentina, Australia, Canada and Ukraine, that its rice and wheat market price support far exceeds WTO-reported levels. The claims were raised at a WTO Committee on Agriculture meeting held 26-27 November, where members also questioned India's rice export bans and its failure to notify them.
The dispute could pressure India's domestic support policies, but any change is a long way off and is unlikely to move grain prices in the near term.
theprint.inTCA Sharad RaghavanDec 4, 2024After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
