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India's Agriculture Ministry projected 2023-24 kharif rice output at 106.3 million tonnes, 3.7% below last year, after India banned non-basmati white rice exports in July. Global rice quotes jumped after the ban and remain above pre-ban levels.
A lower Indian rice crop combined with the export ban tightens world supply, keeping global rice prices firm.
indianexpress.comHarikishan SharmaOct 29, 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.
