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China has cleared 14 of 19 registered Indian rice exporters to ship rice, while five, mostly basmati sellers, were asked to improve storage and pest isolation facilities. Under a June 9 agreement, China allowed non-basmati rice imports, provided shipments meet Chinese plant quarantine rules.
Reopening China as an outlet for Indian rice adds export demand and could ease prices in Asian markets, though the 5 excluded exporters limit near-term volume.
business-standard.comSanjeeb Mukherjee, Jyoti MukulJul 24, 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.
