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India's trade ministry amended export conditions for rice, requiring Certificate of Inspection from EIA/EIC for shipments to the EU and Iceland, Liechtenstein, Norway and Switzerland. Inspection certification requirements for other European countries will take effect from 1 January 2022.
This is a procedural compliance change for rice exporters to Europe and is unlikely to shift global rice prices materially.
taxguru.inEditor5Jul 1, 2021After 100 past neutral policy events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -2.6% to +2.3%), and +0.7% 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.
