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India is considering lifting some rice export restrictions because domestic prices are stable and government stockpiles are adequate, according to a source. The curbs cover about 60% of Indian rice exports, including a 20% duty and a ban on broken rice sales.
The Rice Exporters Association plans to request approval to ship at least 1 million tonnes of broken rice.
Relaxing India's curbs would add supply to the world market, which should cool Asian benchmark rice prices that are near their highest since mid-2021.
business-standard.comPratik Parija, BloombergJan 9, 2023After 100 past bearish policy events, RICE moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
