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India told the WTO Committee on Agriculture in Geneva that its rice export ban is a regulation rather than a restriction needed for food security of 1.4 billion people. It cited exemptions granted to Bhutan, UAE, Mauritius and Singapore through NCEL.
The ban on non-basmati white rice was imposed July 20 to keep festive-season prices in check.
India's defense of the ban signals it will keep rice exports restricted, with limited government-to-government exemptions, which supports firm global rice prices.
thehindu.comPTISep 28, 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.
