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India's Foreign Trade Policy now provides rules for merchanting, which allows goods under export prohibition, such as wheat, to be traded between third countries without entering India. The government expects large traders to use the facility to keep trade links active despite export curbs.
Merchanting lets traders move banned Indian-origin goods through third countries, which could modestly increase global wheat trade flexibility, though Indian-origin supply remains restricted.
timesofindia.indiatimes.comSidharthaApr 8, 2023After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.
