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Indian Commerce Minister Piyush Goyal said the government is not considering any proposal to lift export curbs on wheat, rice and sugar. He said there is no plan to import wheat or sugar.
India has been exporting rice to friendly nations such as Indonesia, Senegal and Gambia for food security.
The continued curbs on major Indian grains keep supply tight on world markets and support prices. Limited government-to-government rice shipments do not offset the wider supply shortfall.
livemint.comDevesh KumarJan 13, 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.
