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India plans to seek a permanent solution on public food stockholding at the WTO's 12th ministerial conference starting November 30, alongside domestic support talks. Indian officials called the draft agriculture text from a WTO panel 'completely imbalanced' and said food subsidy programmes could breach WTO caps.
A permanent public stockholding fix would let India keep buying rice and wheat for food programmes and sustain export capacity. Failure to reach a deal leaves trade-distorting subsidy limits as a continuing risk for Indian rice and wheat exports.
business-standard.comShreya NandiNov 17, 2021After 100 past neutral policy events, RICE moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), 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.
