◂ Event Timeline

Feb 27, 2019POLICYIndia

India: Scheme to provide transport and marketing assistance on agricultural exports announced (extended due to the COVID-19 pandemic)

India's Ministry of Commerce notified a Transport and Marketing Assistance scheme on 27 February 2019 to offset high freight and marketing costs for agricultural exports. The scheme takes effect on 1 March 2019.

WHY IT MATTERS

Subsidised freight and marketing costs can lift Indian export competitiveness, adding supply to world markets for rice and other farm goods. The effect is modest and gradual.

AFFECTSRough Rice▼

SOURCE
globaltradealert.orgFeb 27, 2019

Price reaction & history

Rough Rice▼bearishSO FAR1d -0.8%5d +1.1%20d +8.6%

After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% over 20.

Oct 28, 2024West African rice market adjusts to price drops after India ends export duty | S&P Global-1.7%
Jan 18, 2019Mexico: Government established guaranteed prices for five agricultural products - Global Trade Alert+1.6%
Sep 29, 2024FACTBOX Why India's easing of export curbs is important to global rice trade | Reuters+0.1%
Sep 30, 2024Global rice prices to ease as India lifts export ban | Philstar.com+0.1%
Jan 9, 2023India considers lifting rice export curbs as supply improves | The Straits Times+2.1%

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.

Rough Rice RICE · GP ▸

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