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India's cabinet raised minimum support prices for kharif crops sown in the 2021 monsoon season, effective July 1 2021. The increase applies to several crops and runs through October 31, 2021.
Higher guaranteed prices encourage Indian farmers to plant more kharif rice and coarse grains, which could add supply later and gently weigh on prices over time.
globaltradealert.orgJun 9, 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 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
