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India's DGFT amended its rice export policy so that shipments of Basmati and non-Basmati rice to EU member states and Iceland, Liechtenstein, Norway and Switzerland need a Certificate of Inspection from EIA or EIC. Certification for the remaining European countries becomes mandatory from July 1, 2020.
The added inspection paperwork is a procedural compliance step that adds minor friction to Indian rice exports to Europe, with little expected effect on global rice prices.
teamleaseregtech.comJan 13, 2020After 468 past policy events, RICE moved a median +0.3% over 5 sessions (53% higher; middle half -2.0% to +2.0%), and +0.1% over 20.
After 1,019 past policy events, WHEAT moved a median -0.1% over 5 sessions (49% higher; middle half -1.7% to +1.5%), and +0.2% 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.
