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India's Commerce Ministry said it is working with Chinese authorities to improve market access for Indian agricultural, dairy and pharmaceutical products. Protocols have been signed for exports of Indian rice, rapeseed meal, tobacco and fishmeal or fish oil to China.
The statement addresses the bilateral trade deficit.
Expanded access for Indian rice and fishmeal to China could add export demand for those origins over time. The statement describes ongoing negotiations rather than a new purchase, so the near-term price effect is limited.
pib.gov.inJun 26, 2019After 70 past neutral trade events, RICE moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
