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A joint World Bank and ICRIER study covering 2004-05 to 2013-14 found that Indian domestic prices for 15 farm commodities, including rice, wheat, maize, mango, banana, potato and buffalo meat, were below export parity in 72% of years. The authors say export curbs and other trade policies kept domestic prices low, which they describe as an implicit tax on farmers.
Persistent export restrictions keep Indian grain and rice supplies inside the country and limit exports to world markets. Removing these curbs would add supply to global trade and could weigh on international prices.
in.thedollarbusiness.comJul 19, 2017After 100 past neutral policy events, RICE moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% 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.
