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New US sanctions against Iran were set to take effect, raising uncertainty over whether food and medicine would be exempt. Indian rice and tea exporters are assessing the impact, which depends on exemptions and the payment mechanism for oil imports.
Sanctions that restrict Iranian dollar payments could disrupt Indian basmati rice shipments to a major buyer, putting modest downward pressure on Indian rice export volumes and prices.
thehindubusinessline.comAmiti SenAug 6, 2018After 13 past bearish geopolitics events, Rough Rice moved a median +2.0% over 5 sessions (77% higher; middle half +0.6% to +3.4%), and +4.7% 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.
