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India's government outlined programmes to promote agricultural exports, including state action plans, farmer connect portals, buyer-seller meets and a freight assistance scheme for agricultural products. The release describes general export promotion without a specific new trade flow or price event.
Export promotion schemes can raise Indian agricultural shipments over time but have little immediate effect on world feed grain prices.
pib.gov.inMar 15, 2022After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
