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Pakistan rice exporters allege that India subsidises its rice exports and want the government to petition the WTO. They cite Indian offers around $360 per tonne against Pakistani quotes near $450, and a 14% decline in Pakistani shipments for July 2020 to May 2021.
Indian exporters say Pakistan lacks a strong case.
Lower Indian export offers are already pressuring global rice prices, and a WTO dispute could eventually affect Indian export policy. Pakistani shipment losses reduce competition for buyers, which keeps prices under pressure.
agrinews.inAneesh KarthiJun 29, 2021
thehindubusinessline.comSubramani Ra MancombuJun 28, 2021After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
