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Analysts say India may be the next country to restrict rice exports after its curbs on wheat and sugar, though an immediate ban seems unlikely. India supplies about 40% of global rice trade, and inflation in the country is at an eight-year high.
A possible Indian rice export ban would tighten world supply sharply and lift prices for rice and substitute feed grains, so the risk is a bullish factor for feed costs.
ukragroconsult.comMay 30, 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 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
