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India, the world's largest rice exporter, is considering removing some rice export curbs because domestic prices are stable. Government stockpiles are sufficient for welfare programs.
The curbs include a 20% duty on white and brown rice and a ban on broken rice sales.
Easing Indian export curbs would add supply to Asian rice markets and is likely to cool benchmark prices that are at their highest since mid-2021.
straitstimes.comJan 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.
