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Questions submitted to the WTO agriculture committee challenge large farm-support programmes in the US and India. The EU asked how India will fund its planned farm-income spending and whether it will avoid excess production.
The US queried India's 5% export subsidy on non-basmati rice and its state wheat buying at rising prices.
Scrutiny of India's export subsidy and wheat procurement could eventually lead to changes in rice and wheat export incentives. Any reform would affect how much Indian supply reaches world markets.
krishijagran.comTooba MaherJun 18, 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.
