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India imposed a 20% duty on exports of parboiled rice with immediate effect. Global rice prices were already trading near their highest levels in 12 years.
The duty could cut shipments from the world's largest rice exporter and lift global rice prices further. Buyers relying on rice-based feed ingredients should expect tighter supply.
reuters.comRajendra JadhavAug 25, 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.
