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WTO Director-General Ngozi Okonjo-Iweala is reportedly looking 'positively' at resolving WTO rules that hamper India from shipping wheat held in state granaries to countries facing shortages after the Russia-Ukraine conflict. The rules penalize exports from official stocks bought at fixed minimum support prices, while private trade is unaffected.
Modi had offered to supply grains if WTO norms allow.
If India can legally export state wheat stocks, added supply could ease global wheat tightness and cap prices, though the issue is still unresolved and the outcome is uncertain.
financialexpress.comFE BureauApr 23, 2022After 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.
After 15 past bearish policy events, KWHEAT moved a median -1.6% over 5 sessions (40% higher; middle half -3.7% to +3.1%), and +3.1% 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.
