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The US and EU questioned India at the WTO Committee on Agriculture on November 9 about its June increase in kharif minimum support prices. The US asked whether India aims to limit pulse and oilseed imports.
Trade scrutiny of India's support prices could eventually shift Indian import needs for pulses and oilseeds. The immediate price effect is minor.
firstpost.comNov 11, 2016After 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.
