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Representative Julia Letlow asked the US Trade Representative and the acting US ambassador to the UK to prevent the UK from adopting a zero-tolerance policy on propiconazole residues in imported food. The EU has banned the fungicide and will bar detectable residues from September 2021, while the EPA allows 7 ppm on rice.
A UK zero-tolerance rule would restrict US rice exports to the UK, but this is a congressional request without an enacted policy change, so price impact is limited for now.
letlow.house.govMay 12, 2021After 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.
