Loading…
The Indian Centre banned exports of non-basmati white rice from July 20, 2023, with narrow exemptions for cargo already loaded or berthed. The government said the variety accounts for 25% of national rice exports and that domestic retail prices rose 11.5% over the year.
Exports of this variety had risen even after a 20% export duty was imposed in 2022.
Taking a quarter of India's rice exports off the market reduces global availability and supports higher international rice prices.
thehindu.comThe Hindu BureauJul 20, 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.
