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Ethanol makers are buying broken rice from the open market at ₹26-26.50 per kg, while the Food Corporation of India's open market sale scheme at ₹29/kg draws a poor response. Traders say the FCI must cut prices and adjust offerings to attract buyers.
Government stock sales priced above market levels are not clearing, so open-market rice remains the main supply channel and supports domestic prices for brokens.
thehindubusinessline.comPrabhudatta Mishra, Subramani Ra MancombuJan 24, 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.
