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A Parliamentary Standing Committee report found Indian agricultural and marine exports have plateaued or declined, with exports of wheat, fruits, vegetables and pulses at small shares of output. Most exports other than rice are below 2% of production.
The report recommends direct interventions and export promotion.
Low export shares indicate India is not a large swing supplier to world grain and feed markets, so the report has little near-term price effect.
asianage.comVijay Sai ReddySep 16, 2020After 247 past report events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -1.8% to +2.3%), and +0.9% over 20.
After 2,447 past report events, Wheat (SRW) moved a median +0.0% over 5 sessions (51% higher; middle half -1.5% to +1.8%), 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.
