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Food minister Ram Vilas Paswan pledged to keep food inflation under control in 2017 and said a Consumer Protection Bill would be featured in the Budget. Retail food inflation fell 2.1 percent in November.
Demonetisation reduced banknote supply by 86 percent.
Government focus on controlling food prices may lead to trade interventions such as duty changes, a modest factor for feed grain markets.
foodnavigator.comRichard WhiteheadJan 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.
