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India has removed most of the export curbs it imposed on rice shipments in 2023, with immediate effect. Above-average monsoon rains are expected to lift crop yields, and state granaries are overflowing.
Freer Indian exports add substantial supply to the world rice market, which should pressure global rice prices lower and undercut competing exporters.
reuters.comRajendra JadhavSep 29, 2024After 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.
