# Modi govt walks the talk on agriculture reforms. Now, fix the loopholes

> 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.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/52580-modi-govt-walks-the-talk-on-agriculture-reforms-now-fix-the-loopholes
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2017-12-21 | [Agriculture reforms: To stem falling prices, govt looks at new farm exports policy \| India News](https://feedsoft.ai/events/67451-agriculture-reforms-to-stem-falling-prices-govt-looks-at-new-farm-exports.md) | -1.6% | +2.9% |
| RICE | 2020-06-16 | [Will the govt's agri reforms seed change for farmers?](https://feedsoft.ai/events/52589-will-the-govt-s-agri-reforms-seed-change-for-farmers.md) | -16.1% | -3.0% |
| RICE | 2018-08-10 | [Agriculture Export Policy to be in line with WTO norms - The HinduBusinessLine](https://feedsoft.ai/events/63493-agriculture-export-policy-to-be-in-line-with-wto-norms-the-hindubusinessline.md) | -2.6% | +1.0% |
| RICE | 2020-07-08 | [RCEF goes full throttle in Year 2 \|
    Official Portal of the Department of Agriculture](https://feedsoft.ai/events/7945-rcef-goes-full-throttle-in-year-2-official-portal-of-the-department-of.md) | -2.1% | -30.0% |
| RICE | 2024-12-25 | [Govt plans to introduce new agriculture export policy \| Mint](https://feedsoft.ai/events/26925-govt-plans-to-introduce-new-agriculture-export-policy-mint.md) | -0.0% | +4.4% |
| WHEAT | 2017-12-21 | [Agriculture reforms: To stem falling prices, govt looks at new farm exports policy \| India News](https://feedsoft.ai/events/67451-agriculture-reforms-to-stem-falling-prices-govt-looks-at-new-farm-exports.md) | +0.5% | +0.7% |
| WHEAT | 2020-06-16 | [Will the govt's agri reforms seed change for farmers?](https://feedsoft.ai/events/52589-will-the-govt-s-agri-reforms-seed-change-for-farmers.md) | +1.5% | -4.7% |
| WHEAT | 2021-01-28 | [More Government Money on the Way for Kentucky Farmers \| Agricultural Economics](https://feedsoft.ai/events/49117-more-government-money-on-the-way-for-kentucky-farmers-agricultural-economics.md) | -9.7% | +0.0% |

## Sources

- theprint.in: https://theprint.in/ilanomics/modi-govt-walks-the-talk-on-agriculture-reforms-now-fix-the-loopholes/444307/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.