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India permitted duty-free exports of 600,000 tonnes of paddy to Nepal, effective October 31, 2022, and also allowed duty-free exports of organic non-basmati rice. Steamed rice shipments to Nepal had been held up after customs treated them as white rice under the September curbs.
The Nepal allowance adds a modest export outlet for Indian paddy, slightly easing regional supply tightness and weighing on rice prices.
thehindubusinessline.comSubramani Ra MancombuNov 1, 2022After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
