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India says it wants to sell more rice and sugar to China to narrow a widening trade deficit, and has cleared five more mills for non-basmati exports. It sees potential for 1 million tonnes of rice exports to China in a few years and 500,000 tonnes a year of rapeseed meal after China lifted its ban.
The stated export ambitions add to future rice and rapeseed meal supply to China. Near-term price impact is limited because the volumes are still small.
business-standard.comReutersOct 25, 2018After 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.
Not enough comparable past events yet for a historical read.
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.
