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India has not yet endorsed the G-33 group's WTO proposal on permanent public stockholding, though it agrees subsidies should be unlimited. Sources say India objects to the clause barring exports from procured stocks, which could hurt its wheat and rice export drive.
The proposal will be discussed at a WTO Committee on Agriculture meeting.
If India keeps freedom to export from subsidised public stocks, it preserves a potential source of wheat and rice supply to world markets, a bearish factor for export prices.
thehindubusinessline.comAmiti SenSep 15, 2021After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
