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The government unveiled a policy aiming to double agriculture exports to $60 billion by 2022 and remove arbitrary export curbs. Experts called the target ambitious given that exports fell to $36 billion in 2017-18.
Commerce Minister Suresh Prabhu said each state will get an export promotion department and several seaports will serve as export gateways.
The stated aim to reduce export curbs would add Indian farm supply to world markets over time, but experts doubt the government will follow through during inflation spikes. Near-term price impact is limited.
thekashmirmonitor.netAgenciesDec 7, 2018After 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.
