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India's central government has approved duty-free exports of potatoes, onions, rice, wheat flour and sugar to Maldives for FY 2017-18 under a bilateral trade agreement. The DGFT notification dated June 27, 2017 exempts these shipments from existing or future export restrictions.
The exemption is a small, bilateral volume that adds marginally to Indian rice and wheat export demand, with limited effect on global prices.
in.thedollarbusiness.comJun 28, 2017After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% over 20.
After 431 past bullish trade events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.3% to +2.1%), and +0.5% 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.
