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Former Indian agriculture secretary Siraj Hussain says consistent agri export policy is needed to reach a $100 billion export target. He notes that exports are currently restricted and only the state trader NCEL is permitted to export.
He adds that erratic monsoons in 2022 and 2023 cut output of wheat, rice, pulses and sugarcane.
Single-channel exports through NCEL and the lack of a clear policy add uncertainty to Indian rice and wheat export flows. Lower Indian production also limits supply to world markets.
thehindubusinessline.comPrabhudatta MishraJan 25, 2024After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
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.
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.
