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India's Ministry of Commerce exempted exports of organic wheat, non-Basmati rice, edible oils and sugar from quantitative ceilings on 19 April 2017. The ceiling on organic pulses and lentils was also raised from 10,000 to 50,000 metric tons per year.
The exemption is limited to APEDA-certified organic products, a small share of global grain flows, so the effect on world wheat, rice and vegetable oil prices should be minor. It modestly widens India's export channels for niche organic grains.
globaltradealert.orgApr 19, 2017After 206 past neutral trade events, WHEAT moved a median +0.1% over 5 sessions (53% higher; middle half -1.3% to +1.6%), and +0.5% over 20.
After 70 past neutral trade events, RICE moved a median +0.2% over 5 sessions (51% higher; middle half -1.3% to +1.9%), and +1.3% over 20.
After 67 past neutral trade events, PALMOIL moved a median +0.0% over 5 sessions (51% higher; middle half -1.1% to +1.3%), and +0.6% 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.
