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India's panel of ministers is reviewing rice export curbs after non-basmati shipments fell more than basmati since restrictions began in August 2023. Government plans to restart open-market rice sales at Rs 28/kg, and FCI rice for ethanol may resume.
Possible easing of Indian export curbs would add supply to the world market and pressure prices lower, though officials may wait for the kharif crop.
business-standard.comSanjeeb MukherjeeJul 17, 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.
