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NITI Aayog, India's policy think-tank, discussed at a 20 February governing council meeting a push to cut the rice and wheat surplus. It recommended a 20-25% increase in foodgrain exports and a shift toward nutri-cereals.
A policy push to expand foodgrain exports and address surplus stocks could add supply to world markets, but the proposals are not yet enacted.
theprint.inSamyak PandeyFeb 27, 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.
