Loading…
India imposed a 20% duty on most raw non-basmati rice exports and a blanket ban on broken rice exports, effective September 9. Basmati and parboiled rice remain freely exportable.
The move follows wheat export curbs and concern about a poor harvest.
The curbs cover nearly half of India's rice export volume, so global supply tightens and prices are pushed higher. Buyers in importing countries will face higher rice costs.
indianexpress.comHarish DamodaranSep 11, 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.
