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India's cereal exports spiked in 2020-21, with non-basmati rice shipped to nine new destinations, where volumes rose to 1.53 lakh tonnes from about 200 tonnes. The government attributes the gains to stakeholder collaboration and market access efforts.
Expansion of Indian rice into new markets adds incremental export demand, a modestly supportive factor for rice prices, though volumes are small globally.
pib.gov.inJun 21, 2021After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
