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An opinion piece argues that India's restrictions on rice and wheat exports were irresponsible and ineffective, and that grain prices rose sharply under them. It notes New Delhi is now beginning to change course.
Signals that India, a major rice and wheat exporter, may loosen export curbs, which would add supply to world markets and could ease prices.
asia.nikkei.comPrerna Sharma SinghDec 9, 2022After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
After 122 past bearish policy events, WHEAT moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), 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.
