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An RSIS commentary argues that criticism of India's July 2023 non-basmati rice export ban should be balanced against its need to keep food affordable at home. It notes that August curbs on parboiled rice cover another 42% of India's milled rice exports, and that rice prices are rising toward 2007-2008 crisis levels.
India's combined bans on non-basmati and parboiled rice remove a large share of world milled rice exports, which keeps global rice prices under upward pressure.
rsis.edu.sgJose Ma. Luis P. MontesclarosSep 6, 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.
