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India's government plans to revisit its practice of imposing export restrictions on food items to curb domestic inflation, which has hurt farmers. The article cites the 2017 potato glut, when unsold harvests rotted after a 2014 minimum export price and duty-free import policy choked exports.
India is drafting a national agriculture export policy aimed at promoting exports instead.
If export curbs are reduced, Indian farm surplus could reach world markets more readily, adding supply in some food categories while easing the sudden-ban risk that has periodically disrupted global trade.
hindustantimes.comZia HaqApr 29, 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.
