
India's Union Budget 2018 reaffirmed the goal of doubling farmer incomes by 2022 and set a rule that minimum support prices will be 1.5 times production cost. It also allocated funds for Operation Green and agritech-related measures.
Policy support for farm prices and output is a long-run supply factor for India's agricultural exports, with little immediate impact on world feed prices.
After 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.