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India's July 20 ban on non-basmati white rice exports, following an earlier broken rice ban, is pushing global rice prices higher. Olam Agri reports rice trading above $650 per tonne, up from $550, while India cites domestic inflation and El Niño risks.
Higher export quotes from major traders confirm that India's restrictions are lifting world rice values, raising procurement costs for feed and food buyers.
aljazeera.comSuparna SharmaAug 16, 2023After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
