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The Indian government prohibited exports of de-oiled rice bran until November 30 through a DGFT notification. The move follows sharp domestic rises in milk and milk product prices driven by soaring fodder costs, with DORB prices up to Rs 18,000-18,500 per tonne.
DORB is a key cattle, poultry and fish feed ingredient, so the ban tightens feed-ingredient availability. Buyers may see support for rice-bran-based feed prices.
livemint.comLivemintJul 28, 2023After 172 past bullish policy events, SBM 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.
