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Dealers say India's rice export curbs put contracts for about 2 million tons at risk. Traders had not expected restrictions so soon.
Some buyers may invoke force majeure clauses to avoid their obligations.
Contract defaults and force majeure claims could disrupt rice flows and leave importers scrambling for alternative supply, supporting higher prices in the short term.
reuters.comRajendra JadhavJul 21, 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.
