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Niti Aayog member Ramesh Chand says India's year-old ban on non-basmati white rice exports could be lifted given strong rains, larger plantings and comfortable stocks. Kharif rice sowing is up 14% year on year.
A lifted export ban would release Indian rice supply to the world market, which would be bearish for global rough rice prices.
livemint.comDhirendra Kumar, Gireesh Chandra PrasadAug 6, 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.
