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India's government is reportedly overhauling foodgrain inventory management to remove scenarios where public stockholdings would have to be exported. The move aims to reassure WTO members worried that surplus grain from food security stocks could be sold abroad at subsidised prices ahead of WTO talks in December.
Reducing the likelihood of Indian public-stock exports removes a potential source of cheap rice and wheat supply on world markets, which is mildly supportive for export prices of these grains.
thehindu.comArun SAug 19, 2017After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% over 20.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
