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Commentary defends India's rice export restrictions, which began with a broken rice ban in September 2022 and a non-basmati white rice ban in July 2023. Weak monsoon rains and El Niño cut output, and India now holds about 40% of world rice exports.
India's large export share means its continued restrictions keep world rice prices supported and importers short of supply.
thehindubusinessline.comG ChandrashekharDec 18, 2023After 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.
