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An opinion piece argues that India should revive agricultural futures markets, which have been constrained by margin rises and trading suspensions. It notes that kharif crop prices fell below minimum support prices in November, and it contrasts this with China's functioning futures market.
Without forward price signals, Indian planting decisions remain tied to past prices, which can cause supply swings that feed into import and export demand.
indianexpress.comAshok Gulati, Tirtha ChatterjeeDec 4, 2017After 468 past policy events, 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 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.
