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India's Commerce Ministry is preparing a proposal for a panel of ministers led by Amit Shah on changing export duties for parboiled non-Basmati rice. Exporters are also asking for a fixed $90/tonne duty and a cut in the Basmati minimum export price from $950 to $850/tonne.
Easing India's rice export curbs would add supply to the world market and weigh on international rice prices, while tighter duty rules would keep Indian export prices elevated.
thehindubusinessline.comBL New Delhi BureauJun 20, 2024After 100 past bearish policy events, 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.
