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India's ambassador to the WTO, Brajendra Navnit, told the General Council meeting on July 22-23 that India wants members to negotiate a permanent solution allowing public food stockholding for food security, as committed at the Bali and Nairobi ministerials. India argues the pandemic has harmed poor populations in developing countries.
A permanent WTO fix would let India keep buying grain at administered prices and holding large stocks, reducing pressure to dump or export surplus rice and wheat. Without it, the threat of trade disputes over subsidies could persist, keeping global rice and wheat prices supported by Indian stock policy.
agronfoodprocessing.comJul 28, 2020After 100 past neutral policy events, 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 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.
