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India's government is monitoring rice stocks as analysts say it could curb rice exports after banning wheat exports on May 13 and capping sugar exports from June 1. Inflation hit an 8-year high of 7.79% in April, with food inflation at 8.38%.
A rice export curb by the world's largest exporter would tighten global supply and lift Asian rice prices, with knock-on support for feed substitutes like corn and wheat.
timesnownews.comDipavali HazraMay 27, 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.
After 182 past bullish policy events, Wheat (SRW) moved a median +0.1% over 5 sessions (52% higher; middle half -1.9% to +1.4%), and -0.3% 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.
