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India is under pressure at the WTO to approve the World Food Programme initiative that would exempt food purchases for humanitarian purposes from export restrictions. India is reportedly the only member still hesitant, and members want the proposal adopted at the June ministerial in Kazakhstan.
If India joins, humanitarian food purchases would be shielded from export bans, but India's own export curb flexibility would be limited. The price impact on feed grains and rice is minimal in the near term.
thehindubusinessline.comAmiti SenFeb 26, 2020After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
