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India banned exports of de-oiled rice bran (DORB), a cattle, poultry and fish feed ingredient, until November 30 after domestic milk and fodder prices surged. DORB domestic prices rose to Rs 18,000-18,500 per tonne from about Rs 5,000-15,000 in recent weeks.
DORB is a feed ingredient that India exports in small volumes, but the ban removes an export outlet and points to tighter feed-ingredient supply. The move supports prices for rice-based feed meals and competing protein meals.
livemint.comPuja DasJul 28, 2023After 172 past bullish policy events, Soybean Meal moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +1.7%), and -0.8% over 20.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
