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The Indian government notified a Transport and Marketing Assistance scheme that reimburses international freight and marketing costs for specified agricultural exports. The scheme runs for exports made from March 1, 2019 to March 31, 2020, and excludes items such as live animals, dairy, rice, wheat and garlic.
Lower freight costs for Indian farm exports could modestly lift Indian shipments of covered products, slightly tightening supply in those niches. The effect on global grain and oilseed prices is likely small because major staples are excluded.
thehindubusinessline.comOur BureauMar 5, 2019After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
