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Indian rice traders are stepping up purchases and placing unusual longer-dated orders after India's wheat export ban raised concerns about curbs on rice. Officials say India does not plan to restrict shipments for now because local prices are low and state stocks are ample.
Front-loaded buying and longer-dated orders can firm rice export prices, while the monsoon outlook will determine whether a future curb becomes a real risk.
reuters.comRajendra JadhavJun 10, 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.
