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The Indian government notified three ordinances on June 5 covering agricultural produce marketing, contract farming and an amendment to the Essential Commodities Act. The commentary argues the changes should be followed by further measures to close loopholes.
Easing stockholding limits and marketing controls could over time change how grain and oilseed supplies move within India. The near-term price effect is limited while the rules are being implemented.
theprint.inIla PatnaikJun 19, 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.
