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India has exempted specified quantities of essential commodities, including potatoes, onions, rice, wheat flour, sugar, dal and eggs, from domestic export restrictions for Maldives under a bilateral trade agreement for 2019-20. The fixed quantities, such as 89,454 MT of rice and 78,612 MT of wheat flour, are larger than the previous fiscal year.
Guaranteed export quotas to Maldives add modest, predictable demand for Indian rice and wheat flour, with negligible effect on global grain prices.
business-standard.comPress Trust of IndiaMay 7, 2019After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
