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India's government lifted its ban on non-basmati white rice exports with immediate effect, subject to a $490 per tonne minimum export price. The DGFT issued the notification after the Finance Ministry reduced export duties on parboiled and other rice.
Rice exporters' association welcomed the move but questioned the 10% duty on parboiled rice.
Resumed white rice exports from India, the largest exporter, add supply to global markets and put downward pressure on prices. The price floor and remaining duties limit the size of the impact.
thehindubusinessline.comPrabhudatta Mishra, Subramani Ra Mancombu28.09.2024Nach 100 vergangenen Ereignisse (bearisch, Politik) bewegte sich Paddy-Reis im Median über 5 Handelstage um -0,1 % (49% höher; mittlere Hälfte -1,7 % bis +1,6 %) und über 20 Handelstage um +0,1 %.
Veränderungen des Benchmarks jedes Rohstoffs seit dem letzten Schluss vor dem Ereignis. Historische Werte bündeln frühere Ereignisse derselben Art; sie beschreiben, was passiert ist, nicht was passieren wird. Keine Anlageberatung.
India lifted its ban on non-basmati white rice exports on Sept 28 with a $490/t floor, a major supply-side shock that the market priced in when trading resumed, driving the drop ending Oct 1.
