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India's government is adjusting import and export policies to support minimum support prices, using tur and masur duty changes as examples. Tur imports are permitted through December 2020 and masur import duty was lowered to 10% until the local harvest.
Officials say the strategy aims to protect farm prices without hurting consumers.
Indian import duty and export policy shifts influence pulse and grain trade balances, but the effect on feed grain prices is limited.
agrinews.inAgriNewsNov 13, 2020After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), 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.
