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India banned exports of broken rice and imposed a 20% duty on other rice grades in September 2022 to control domestic prices. Nepal's rice prices surged as it relies heavily on imported long-grain rice, and imports have since dropped sharply.
India's export restrictions tighten global rice supply and lift import prices for importing countries. Rough rice and broken rice used in feed would see firm pricing from these restrictions.
theannapurnaexpress.comBy: The Annapurna ExpressJan 3, 2023After 168 past bullish policy events, 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.
