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India is exploring government-to-government deals to boost food exports, including non-basmati rice shipments to the Philippines and Indonesia and sugar to Egypt. The commerce department has also sent a proposal to Egypt for its sugar tender.
Official export growth has slowed amid protectionism and weak trade.
If G2G contracts materialise, they would add Indian rice supply to Asian importers and could pressure rice prices. The impact so far is a policy plan rather than confirmed volume.
m.economictimes.comKirtika SunejaMar 17, 2019After 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.
