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Global Trade Alert logged India's Public Notice 49/2015-2020, which gives a 5% export incentive on the FOB value of non-basmati rice. The incentive runs from 26 November 2018 to 25 March 2019.
A 5% export incentive lowers the effective cost for Indian exporters, supporting rice export competitiveness and bullish sentiment for global rice prices.
globaltradealert.orgNov 22, 2018After 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.
