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India's Directorate-General of Foreign Trade announced a minimum export price on onions to curb rising domestic prices, which have topped Rs 30 a kg. Earlier this year the government withdrew a 5 per cent incentive on non-basmati rice shipments, and rice exports halved during April-May.
Export floors and withdrawn incentives make Indian shipments less competitive and can divert buyers to Thai, Vietnamese and Pakistani rice, supporting global rice prices while Indian supply is constrained.
swarajyamag.comM R SubramaniSep 18, 2019After 168 past bullish policy events, Rough Rice moved a median +0.8% over 5 sessions (57% higher; middle half -1.7% to +2.1%), and -0.4% 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.
