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India's government may review its rice export restrictions in September, after the kharif season ends and final production figures are available. June rainfall ended in deficit, but officials say the July-September monsoon will be decisive for output.
The current curbs include a ban on non-basmati white rice exports since July 2023 and a 20% duty on parboiled rice.
A possible easing of India's export ban would add exportable supply to a market that has been tight since 2023, which would weigh on global rice prices. The outcome depends on monsoon rainfall in July-September.
moneycontrol.comAdrija ChatterjeeJul 5, 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.
