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India plans to keep its ban on foodgrain exports, including rice and wheat, for an extended period to protect domestic supply. Food inflation reached 8.6% in September, the highest since November 2020, and the government is developing a mechanism to handle future food shocks.
A prolonged export ban removes a major source of world rice and wheat supply, which supports international prices and strengthens feed grain costs for importers.
daijiworld.comOct 14, 2022After 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.
After 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.
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.
