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The Indian government told sources it will not lift the broken rice export ban or cut the 20% duty on white rice as it tries to contain domestic prices. The official said exports stayed strong despite the duty, and China was the largest buyer of Indian broken rice.
Export curbs on the world's biggest rice exporter restrict supply to importers in Asia and Africa, supporting global rice prices. Buyers will continue to pay more until the curbs are lifted.
theprint.inRajendra JadhavFeb 23, 2023After 168 past bullish policy events, 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.
