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India's Food Minister said there are no plans to allow extra sugar imports beyond the 500,000 tonnes of duty-free raw sugar already approved. He said mill stocks will cover demand and that the government has no immediate plans to raise the 10 percent wheat import tax.
Confirmed domestic supply adequacy reduces the chance of extra Indian sugar import demand, which is bearish for world sugar. Wheat policy is unchanged for now.
business-standard.comReutersMay 11, 2017After 468 past policy events, Rough Rice moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, Wheat (SRW) moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
