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Fears are growing that Saudi Arabia and the UAE could halt billions of dollars of Indian food imports over quality concerns. The Agriculture Export Policy 2018 aims to double farm exports to $60 billion by 2022 and includes around $200 million for export clusters.
A Gulf import halt would reduce demand for Indian food exports, adding to the surplus of rice and other farm goods. The impact on feed commodities is limited.
foodnavigator.comPearly NeoFeb 12, 2019After 13 past bearish geopolitics events, Rough Rice moved a median +2.0% over 5 sessions (77% higher; middle half +0.6% to +3.4%), and +4.7% 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.
