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India will reimburse freight costs paid by exporters of certain farm products through cash transfers to bank accounts. The scheme lasts until March 2020 and excludes free-on-board deals, wheat, rice, meat and milk, while pulses are not on the exclusion list.
Subsidised freight could make Indian pulse exports more competitive, adding some supply to world pulse markets. Effects on feed grain and meal prices are minimal.
country-guide.caReutersMar 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.
