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Indian government plans to raise import duty on wheat in April to curb imports from Australia, France and Ukraine. India has already imported 2.4 million tonnes with 1.2 million more to follow.
Spices prices such as cumin and coriander rose on China demand and cold-weather concerns.
A higher Indian wheat import duty would reduce demand for Black Sea, Australian and French wheat, pressuring export prices, while spice price moves affect feed-adjacent trade only marginally.
mundus-agri.euJan 27, 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.
After 15 past bearish policy events, Wheat (HRW) moved a median -1.6% over 5 sessions (40% higher; middle half -3.7% to +3.1%), and +3.1% 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.
