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India has resumed exports of major farm products including rice, meat, poultry and dairy, according to the agriculture ministry. The government is resolving transport, curfew pass and packaging problems and is issuing digital phytosanitary certificates.
Restarting rice exports from the largest exporter restores supply to world markets and eases the recent price pressure. The effect depends on how quickly shipments clear ports.
theindianwire.comApr 16, 2020After 141 past bearish trade events, Rough Rice moved a median +0.6% over 5 sessions (57% higher; middle half -2.3% to +2.4%), and -0.6% 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.
