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India's DGFT has removed quantitative ceilings on edible oil exports, except mustard oil, and made all pulses free for export. A packaging restriction on roasted gram was also lifted.
The notices also cover online export obligation tracking and alcoholic beverage standards.
Freeing Indian edible oil and pulse exports could add some supply to regional vegetable oil and pulse markets, potentially pressuring palm and soy oil prices modestly.
indiantradeportal.inApr 12, 2018After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), 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.
