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An India Exim Bank working paper recommends making India's MSP mechanism compatible with WTO rules and moving domestic subsidies toward direct income support. It cites a US claim that India's wheat market price support has exceeded 60 percent of production value.
The paper is a research recommendation with no direct policy change. A WTO challenge to India's MSP-based procurement could eventually affect Indian rice and wheat export and stock policy.
thehindubusinessline.comOur BureauNov 19, 2021After 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.
