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India's Lok Sabha passed the Essential Commodities (Amendment) Bill, 2020, which limits government regulation of food supply, including stock limits, to extraordinary circumstances such as famine, war or steep price rises. The bill replaces an ordinance that was part of a set of agricultural marketing reforms.
The minister said stock limits would be tied to price rises.
Narrower stock-limit powers reduce the risk of forced Indian grain and pulse sales, which could leave domestic supply less constrained and modestly ease world price pressure.
republicworld.comBrigitte FernandesSep 16, 2020After 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.
After 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.
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.
