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An opinion column calls for removing export restrictions, monopoly procurement, Essential Commodities Act controls and stocking limits in Indian agriculture. It uses the 2016-17 pulses glut and import surge as an example of policy distortions that crashed prices.
Policy volatility in India's pulses and grains can swing import demand and export availability, which feeds into world prices.
livemint.comAjit RanadeDec 12, 2017After 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.
