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India lifted its ban on exports of certain rice products, citing adequate domestic production. The earlier ban, imposed in September, had also included a 20% duty on non-basmati rice exports.
Restoring Indian rice exports adds meaningful supply to the world market, which is bearish for rice prices and eases pressure on importers such as Nepal and Indonesia.
newbusinessage.comNewBiz ReportDec 1, 2022After 100 past bearish policy events, Rough 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.
