Loading…
Indonesia's National Food Agency said the government's decision to halt rice imports has contributed to a drop in global rice prices, from about $640 per metric ton to $430-$490. The official linked the policy to India resuming rice exports.
Indonesia's import halt removes a major buyer from the market, adding bearish pressure to global rice prices alongside Indian export resumption.
inp.polri.go.idAdmin 1Jan 11, 2025After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
