Loading…
India's Food Ministry said it amended the export policy for broken rice to secure supply for poultry and animal feed and for ethanol production. Broken rice output is about 50-60 lakh tonnes a year, and exports rose sharply over the past four years.
Diverting broken rice to domestic feed and ethanol removes a cheap feed ingredient from export markets. This tightens global feed supply and supports rice prices.
pib.gov.inSep 9, 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.
