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India's government says it has distributed 7.4 million tonnes of rice and wheat since the lockdown began and will provide pulses to 195 million households. It also reports steps to support agricultural exports and food security for over 800 million people.
Large state distribution programs absorb domestic grain stocks, which supports food security but has limited direct effect on export prices.
indbiz.gov.inaniruddhMay 8, 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.
