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India's government is discussing targeted curbs on broken rice exports, which make up a little under 20% of its rice shipments. The restriction would be narrower than a full export ban.
A targeted curb limits the volume removed from global supply compared with a full ban, so the price impact is smaller but still supportive for rice.
bloomberg.comPratik Parija, Bibhudatta PradhanAug 29, 2022After 168 past bullish policy events, 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.
