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The Hindu explains that India banned broken rice exports and imposed a 20% duty on husked and milled rice from September 9. The government says the measures secure feed and ethanol supplies and control food inflation, which has been above the central bank's 6% threshold.
Export restrictions from the world's largest rice supplier reduce global availability and raise prices. Countries that rely on Indian imports, especially in Asia, face higher costs and possible shortages.
thehindu.comSaptaparno GhoshSep 18, 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.
