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India's new central rules banning the sale of cattle for slaughter at animal markets were introduced to curb smuggling on the Nepal border but have effectively changed slaughter rules nationwide. The government now says it may reconsider the rules, which have caused widespread economic distress.
The rules restrict the supply of cattle and buffalo for slaughter in India, a major exporter of buffalo meat, which tightens global beef trade flows and supports prices in exporting countries.
scroll.inRohan VenkataramakrishnanJun 5, 2017After 166 past policy events, LCATTLE moved a median +0.3% over 5 sessions (58% higher; middle half -0.9% to +1.2%), and +1.3% over 20.
After 79 past policy events, FCATTLE moved a median +0.3% over 5 sessions (56% higher; middle half -1.0% to +1.2%), and +0.8% 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.
