Loading…
Indian Commerce Minister Nirmala Sitharaman defended the government's decision to cut and then re-impose wheat import duties, saying the moves responded to drought and then to a bumper crop forecast. Farmers in Madhya Pradesh and Maharashtra have protested that falling prices, worsened by the duty removal, are hurting incomes.
The import-duty swings shaped Indian wheat import demand, and the bumper crop outlook points to weaker domestic prices and fewer imports ahead.
thehindu.comNistula HebbarJun 13, 2017After 122 past bearish policy events, Wheat (SRW) moved a median -0.3% over 5 sessions (44% higher; middle half -1.9% to +1.2%), and +0.4% 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.
