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India's agricultural exports are expected to stay flat at about $53 billion in FY24 despite a $4.5-5 billion hit from export curbs on wheat, non-basmati rice and sugar. Officials said basmati may face 15-20% higher prices if Red Sea routes force longer voyages.
Officials' expectation of a $4.5-5 billion hit confirms sustained export restrictions that tighten global wheat, rice and sugar supply, while longer basmati routes add freight cost.
business-standard.comShreya NandiDec 21, 2023After 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.
After 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.
Not enough comparable past events yet for a historical read.
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.
