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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 sept 2024Tras 100 eventos bajista de política pasados, Arroz cáscara se movió una mediana de -0,1 % en 5 sesiones (49% al alza; mitad central entre -1,7 % y +1,6 %), y +0,1 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
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.
