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Indian rice exporters have received customs notices demanding payment of duty differentials on shipments made over the past 18 months. The demands stem from a shift from FOB value to transaction value for calculating the 20% export duties imposed in 2022 and 2023.
The tax demands could cripple India's rice shipments, the world's largest rice export flow, tightening global supply and supporting rice prices.
economictimes.indiatimes.comMar 26, 2024After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
