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India's agricultural exports fell 11.6% year on year in April to September 2023, to $23.6 billion, after bans and restrictions on wheat, rice and sugar. Imports also dropped, and the farm trade surplus narrowed slightly.
Lower Indian export volumes reflect the restrictions that keep grain off world markets, which is supportive for global prices, but the article reports trade data rather than a new price shock.
indianexpress.comHarish DamodaranNov 6, 2023After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), and +0.6% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), and +0.2% 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.
