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India's cabinet raised minimum support prices for kharif crops by 4-53% for 2018. Industry officials warn the increases make Indian farm commodities uncompetitive abroad and may lower exports over time.
Higher Indian support prices could reduce exportable surpluses of rice and other grains, modestly supporting world prices if the export loss is sustained.
business-standard.comDilip Kumar JhaJul 14, 2018After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
