# Agri sector reforms to empower farmers, boost foreign trade - IndBiz | Economic Diplomacy Division | IndBiz | Economic Diplomacy Division

> India's Union Cabinet approved the Farming Produce Trade and Commerce Ordinance, an amendment to the Essential Commodities Act and a farm price assurance ordinance. The package follows a Rs.21 trillion COVID-19 stimulus and is intended to boost agricultural trade.

- Date: 2020-06-08 · published 2020-06-08T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/52583-agri-sector-reforms-to-empower-farmers-boost-foreign-trade-indbiz-economic
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Liberalised marketing and stock rules could increase India's agricultural export capacity over time. Near-term effects on world grain and oilseed prices are likely small.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2023-12-22 | [Agri exports to reach 2022’s figures despite restrictions - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/32648-agri-exports-to-reach-2022-s-figures-despite-restrictions-indbiz-economic.md) | -0.1% | +0.6% |
| RICE | 2020-05-08 | [Focus on food security amid the pandemic - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/53105-focus-on-food-security-amid-the-pandemic-indbiz-economic-diplomacy-division.md) | +3.4% | +22.0% |
| 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 | 2017-01-31 | [Economic Survey 2017 slams excessive regulation in India's agriculture sector](https://feedsoft.ai/events/72968-economic-survey-2017-slams-excessive-regulation-in-india-s-agriculture-sector.md) | -2.9% | -4.9% |
| RICE | 2026-07-28 | [US, Japan urge India to address export restrictions in farm sector \| Economy & Policy News - Business Standard](https://feedsoft.ai/events/18288-us-japan-urge-india-to-address-export-restrictions-in-farm-sector-economy-and.md) | +3.9% | +6.6% |
| WHEAT | 2023-12-22 | [Agri exports to reach 2022’s figures despite restrictions - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/32648-agri-exports-to-reach-2022-s-figures-despite-restrictions-indbiz-economic.md) | +0.9% | +1.5% |
| WHEAT | 2020-05-08 | [Focus on food security amid the pandemic - IndBiz \| Economic Diplomacy Division \| IndBiz \| Economic Diplomacy Division](https://feedsoft.ai/events/53105-focus-on-food-security-amid-the-pandemic-indbiz-economic-diplomacy-division.md) | -2.3% | -0.9% |
| WHEAT | 2026-07-01 | [Trump Administration Requests $11 Billion in Economic Aid for Crop Farmers](https://feedsoft.ai/events/18788-trump-administration-requests-11-billion-in-economic-aid-for-crop-farmers.md) | -0.4% | +2.2% |

## Sources

- indbiz.gov.in: https://indbiz.gov.in/agri-sector-reforms-to-empower-farmers-boost-foreign-trade/

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