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India's government may soon mandate a high-level panel under the Cabinet Secretary to review export curbs on major farm items including onion, rice, wheat, cotton and sugar. The panel's mandate is likely to be expanded from reviewing prices, demand and supply.
The aim is a more predictable trade regime and higher farmer incomes.
A predictable export regime for Indian rice, wheat and sugar would make these origins more reliable for buyers and could ease sudden supply shocks in world markets. Until the policy is set, the threat of restrictions keeps some upside risk in global prices.
dst.newsJun 13, 2019After 100 past neutral policy events, 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 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.
