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Iran lifted its temporary ban on rice imports, effective November 22, 2017 through July 22, 2018, by a directive from the Ministry of Industries, Mining and Trade. Iran imports about 800,000 tonnes of rice annually to cover a shortfall between consumption of 3 million tonnes and domestic output of 2.2 million tonnes.
Import tariffs stand at 40%.
Reopening Iran's import channel adds meaningful demand for rice from suppliers such as India, Pakistan, Thailand and Vietnam. That supports export prices for rice during the coming months.
lms.sahandetemadarvand.irNov 21, 2017After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
