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Analysts say India may be the next to restrict exports after wheat and sugar curbs, with rice a possible target. India has stockpiled ample rice and prices remain under control, and government wheat procurement is well below last year's level.
Speculation of a rice export ban raises the risk of a major supply shock in the world's biggest rice trade, supporting global rice prices.
ndtv.comPratik Parija, Vrishti Beniwal, BloombergMay 26, 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.
