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Indian officials expect agricultural exports in FY24 to match last year's $53 billion despite $4-5 billion in losses from curbs on rice, wheat and sugar. The government is promoting bananas and millet products and developing sea protocols for fresh produce.
Export curbs on wheat, rice and sugar remain in force, tightening global supply, though officials expect diversification to offset part of the loss.
indbiz.gov.inPramshuDec 22, 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.
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.
