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India's agri exports are expected to exceed $50 billion in FY2024-25 as curbs on non-basmati rice are lifted. Rice exports are forecast at 17-18 million tonnes this fiscal year, up from 14-15 million last year.
A jump in rice export volumes from India adds supply to global markets, which pressures international rice prices lower. The article also notes wheat export ban remains with no plans to lift it.
business-standard.comPress Trust of IndiaNov 12, 2024After 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.
