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India's export restrictions on non-basmati white, parboiled and broken rice have pushed the Thai 5% broken benchmark up 22% since the July 2023 ban took effect. Importers in South and Southeast Asia and sub-Saharan Africa are seeking alternative suppliers, while Vietnam and Thailand face El Niño production losses.
Restricted Indian exports and weather-driven losses in other exporters leave global rice supplies tight, supporting prices and forcing importers to bid for non-Indian origins.
asia.foodsecurityportal.orgFeb 8, 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.
