Loading…
India's 2018-19 budget set minimum support prices for kharif crops at 1.5 times input cost and raised the agriculture and rural development outlay to about Rs 2.02 lakh crore. Operation Greens received Rs 500 crore to address perishable transport.
Higher guaranteed prices support Indian farm output and domestic grain availability over time, with limited near-term effect on world feed grain prices.
business-standard.comIANSFeb 2, 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.
