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An opinion piece argues that India's wheat supply and demand mismatch stems from decades-old procurement and public distribution policies. It calls for more remunerative cropping patterns and consistent export policy instead of stop-go export controls.
The piece is tied to the farmer protests.
Stop-go export controls on wheat and rice create volatility in world supply, and a steadier export policy would make Indian exports more predictable for buyers. Prices are not directly moved by this commentary.
indianexpress.comAmitabh Kundu, Harbir Singh SidhuDec 8, 2020After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
