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India banned exports of broken rice and imposed a 20% export tax on several rice varieties from September 9. Nomura says the Philippines and Indonesia are most exposed, since India supplies about 40% of global rice shipments.
India is the largest rice exporter, so removing broken rice and taxing other grades tightens global supply and lifts Asian rice prices. Importers that depend on Indian rice face higher costs.
cnbc.comCharmaine JacobSep 19, 2022After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
