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NITI Aayog, India's policy think-tank, has called for policy action against growing rice and wheat surpluses, including a 20-25% export increase and crop diversification toward millets and pulses. The suggestions were discussed at a governing council meeting on 20 February.
If implemented, higher Indian export push and diversification away from rice and wheat would add supply to world markets and pressure rice and wheat prices lower.
smartfood.orgMar 22, 2021After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.
After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
