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India's DGFT notified export quotas allowing shipments to the Maldives under a bilateral agreement for 2019-20. The quotas cover potatoes, onions, rice, wheat flour, sugar, dal and eggs, with rice at about 89,454 MT and wheat flour at about 78,612 MT.
The exports are exempt from existing or future export restrictions.
These are small, bilateral volumes relative to world trade, so the price impact is minimal. The notification does signal that India's exports to a neighbour are protected from curbs.
kireeticonsultants.comJun 17, 2019After 70 past neutral trade events, Rough Rice moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
After 206 past neutral trade events, Wheat (SRW) moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% 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.
