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India is considering easing its curbs on non-basmati rice exports, according to a senior government official. Inventories in the world's largest rice exporter have surged, and a new crop is due to be harvested within weeks.
A prospective easing of export curbs signals more rice supply to world markets, which would be bearish for rice prices if confirmed.
reuters.comMayank BhardwajSep 18, 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.
