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Government data shows the value of India's essential commodity exports fell 27% in the first ten months of 2020-21 versus the same period a year earlier. The article explains the Essential Commodities Act and its stock-holding powers.
Lower Indian export flows reduce supply to world markets, which is mildly supportive for export-dependent grain and oilseed prices.
factly.inPavithra K MMar 15, 2021After 442 past trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.8% to +2.3%), and +0.6% over 20.
After 1,079 past trade events, Wheat (SRW) moved a median -0.0% over 5 sessions (49% higher; middle half -1.6% to +1.7%), 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.
