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Indian rice exporters say they will not seek a rollback of the 20% export duty for now, as demand has held up despite it. Non-basmati exports rose year on year in April-January.
Exporters would only press for relief if volumes fall.
The duty keeps Indian rice priced above some competitors, but steady demand means it is unlikely to change supply soon.
thehindubusinessline.comSubramani Ra MancombuMar 16, 2023After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
