Loading…
India removed all remaining curbs on rice exports, eliminating the 10% duty on parboiled rice and the $490 per tonne minimum export price on white rice, effective immediately. Restrictions on broken rice shipments remain in place.
Full liberalisation of white and parboiled rice exports expands available supply from the largest exporter, reinforcing downward pressure on global rice prices.
thehindubusinessline.comShishir Sinha, Subramani Ra MancombuOct 23, 2024After 100 past bearish policy events, 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.
India removing all remaining rice export curbs (10% parboiled duty, $490 floor price) raises global supply and pressures prices lower, with the market continuing to digest it.
