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India's Directorate General of Foreign Trade has notified an amendment to the export policy for basmati and non-basmati rice. The notification sets out the revised export conditions for both rice categories.
Changes to Indian rice export rules affect how much rice reaches world markets, which can move global rice prices. The likely effect on prices depends on the specific terms, which the summary does not give.
taxscan.inTaxscan TeamDec 30, 2020After 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.
