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India's Commerce Department revised its Transport and Marketing Assistance scheme for agricultural exports, covering exports from April 2021 to March 2022. Dairy products are now eligible, and assistance rates rose 50% for sea freight and 100% for air freight.
Higher freight subsidies lower the cost of Indian exports, which may increase export competitiveness and shipments of agricultural goods in global markets.
commerce.gov.inSep 13, 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.
Not enough comparable past events yet for a historical read.
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.
