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Several dozen US lawmakers, in letters dated January 13, urged the Biden administration to start WTO dispute proceedings against India's wheat and rice subsidies. The letters follow an earlier Senate letter, and the government's rising guaranteed purchase prices are cited as the cause.
The push for WTO litigation signals rising US trade pressure on Indian grain exports, a possible future factor in global wheat and rice trade flows.
ukragroconsult.comJan 21, 2022After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% 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.
