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India's cabinet committee on economic affairs approved removing quantitative ceilings on organic agricultural and processed products. Exports of organic goods are now unrestricted regardless of any restriction on their non-organic basic product.
Ceilings on organic pulses and lentils remain, though the limit was raised from 10,000 to 50,000 tonnes.
Removing the ceilings on non-organic wheat and non-basmati rice removes a barrier to Indian exports, which adds supply to world markets and is mildly bearish for rice prices. The effect on feed-grade commodities is likely small because the change mainly targets certified organic products.
indianexpress.comArnab Mitra31 Mar 2017Setelah 100 peristiwa kebijakan bearish sebelumnya, RICE bergerak median -0,1% selama 5 sesi (49% lebih tinggi; separuh tengah -1,7% sampai +1,6%), dan +0,1% selama 20 sesi.
Pergerakan benchmark setiap komoditas dari penutupan terakhir sebelum peristiwa. Pembacaan historis menggabungkan peristiwa serupa di masa lalu; itu menggambarkan apa yang terjadi, bukan apa yang akan terjadi. Bukan nasihat investasi.
