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India's Food Secretary said the government is keeping all options open to curb rice prices, including stock limits or a ban on parboiled rice exports. Retail and wholesale rice prices have risen about 15% over the past year, and the 20% parboiled export duty remains in place with no near-term plan to lift restrictions.
Continued Indian export curbs and the threat of tighter measures keep the largest rice exporter's supply restricted, supporting global rice prices.
business-standard.comSanjeeb Mukherjee, AgenciesFeb 2, 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.
