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India's Directorate General of Foreign Trade officially lifted its ban on exports of non-basmati rice, including broken rice, following a November 29 decision. The move came after concerns about rice shortages eased, and Vietnamese exports had surged in October to a record monthly volume.
Lifting India's export ban restores about 40% of global rice export supply and adds competitive pressure on Vietnamese and Thai prices, which tends to weigh on rice prices.
bizhub.vietnamnews.vnvietnamnews.vnDec 1, 2022After 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.
