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India's government said it has no plans to ban or curb exports of basmati or non-basmati rice, citing sufficient stocks and controlled domestic prices. The statement follows reports that rice could be next after wheat and sugar export restrictions.
Removing the threat of an Indian rice export ban reduces the risk of a sharp global rice price spike, which lowers upside pressure on rice-based feed ingredients.
outlookbusiness.comPress Trust of IndiaMay 31, 2022After 100 past bearish policy events, Rough Rice moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.6%), and +0.1% 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.
