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A Bloomberg opinion piece says India's rice and wheat export bans, duties and minimum export prices are squeezing global supplies, with India accounting for about 40% of world rice trade. The FAO estimates rice prices were 28% higher in September than a year earlier.
With India controlling roughly 40% of global rice trade, continued restrictions keep international rice prices elevated and push importers toward other origins.
business-standard.comBloombergOct 30, 2023After 168 past bullish policy events, 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.
