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Two government sources said India will keep its ban on broken rice exports and its 20% duty on other white rice shipments to hold down domestic prices. Rice exports reached a record 22.26 million tonnes in 2022.
India is the world's largest rice exporter, so keeping curbs in place tightens global supply and pushes up prices for Asian and African importers. Buyers will likely face higher offers for the foreseeable future.
indianexpress.comReutersFeb 23, 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.
