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India's agriculture minister said farm exports will rise in fiscal 2023/24 from the previous year, despite curbs on wheat, rice and sugar. India restricted these commodities in 2023 to control rising domestic prices.
The report covers the outlook for overall agricultural shipments.
Higher overall Indian farm exports could signal more non-restricted supply reaching the world market, which tempers price gains. Curbs on the major grains still limit their availability.
reuters.comJan 8, 2024After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
