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An expert panel advised India to change FCI rice procurement and raise surplus availability for exporters, arguing that rising minimum support prices make non-basmati rice uncompetitive. Both production and exports have been stagnant for years.
If implemented, a larger exportable surplus would add supply to world rice markets, but the recommendation is advisory and has no immediate price effect.
business-standard.comSanjeeb MukherjeeAug 1, 2020After 100 past neutral policy events, 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.
