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India is appointing agricultural counsellors at embassies in 10 major import destinations to promote farm exports. The move follows a sharp first-quarter drop in exports of non-basmati rice, pulses and wheat, according to APEDA data.
Stronger Indian export promotion could eventually lift rice and wheat shipments, but the effect on near-term global prices is limited.
grainmart.inJatin SharmaOct 17, 2019After 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.
After 137 past neutral policy events, Wheat (SRW) moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% 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.
