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Indian government plans to raise farm output growth to 4% face scrutiny after two droughts and recent floods. Farm groups say recently announced minimum support price increases are too small and too late, and a new agri export policy is under consideration.
The article is a policy and sector-outlook piece without a discrete supply shock, so it has little immediate effect on feed commodity prices.
zeebiz.comK R SudhamanAug 21, 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.
