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China has allowed imports of non-basmati rice from India, with a first 100-tonne consignment set to ship from Nagpur to state-owned COFCO. Nineteen Indian rice mills and processing units have been registered for export under a phytosanitary protocol signed in June.
Opening China as a new buyer for Indian non-basmati rice adds export demand for Indian rice, though the initial volume is very small and the impact on global rice prices is limited for now.
asianage.comDC CorrespondentSep 27, 2018After 189 past bullish trade events, Rough Rice moved a median +0.2% over 5 sessions (52% higher; middle half -1.7% to +2.4%), and +1.0% 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.
